BWE Obtains Refis for Two SE Rental Communities

BWE has secured two loans totaling $70.9 million to refinance Accent Southrail, a 304-unit, mid-rise multifamily development in Charlotte, NC and Sedgefield Apartments, a 280-unit multifamily development in Marietta, Georgia.

BWE’s Atlanta office secured the non-recourse loans for Accent Southrail and Sedgefield Apartments, which totaled $35.9 and $35 million, respectively. Alan Tapie, Thomas Wiedeman, Brad Walker and Hanley Long helped secure the loan.

The $35.9 million Accent Southrail loan features a three-year fixed-rate term and flexible prepayment and was originated from one of BWE’s largest correspondent life company lenders on behalf of Atlanta-based development firm Westplan Investors. The $35,000,000, interest-only Sedgefield Apartments loan was originated through a proprietary BWE bridge loan product on behalf of RPM Living.

Accent Southrail, located at 6026 Station Crossing Avenue in Charlotte’s Lower South End neighborhood, and Sedgefield Apartments, located at 1136 W. Commons Lane in Marietta, offer generous amenity packages featuring pools and fitness centers.