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Atlanta & Southeast  + Southeast  + Apartments  |  January 28, 2020
David Cohen
By: David Cohen

Bellwether Secures $31M Construction Loan for Greenville MXU Property

Commercial and multifamily mortgage banking firm Bellwether Enterprise Real Estate Capital has secured a $31 million construction loan for Judson Mill, a mixed-use redevelopment property in Greenville, SC.

Located at 69 Westerfelt, the property was once one of the largest textile mills in the world, and originally opened in 1912. In 2018, the site was placed on the National Register of Historic Places.

Matt Good and Marshall Waller of Bellwether’s Greenville office arranged the financing on behalf of the borrower, Judson Mill Ventures I LLC. The lender is CresCom Bank. The deal makes use of the South Carolina Textiles Communities Revitalization Act tax credits, as well as state and federal historic tax credits.

For comments, questions or concerns, please contact David Cohen

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About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.
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