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Atlanta & Southeast  + Southeast  + Apartments  |  October 28, 2021
Peppertree apartments in North Charleston, SC
Lisa McDuffie
By: Lisa McDuffie

CushWake Arranges $34M Loan for Multifamily in Charleston

Cushman & Wakefield has arranged a $33.65 million loan on behalf of Middleburg Communities for the acquisition of Peppertree, a 353-unit apartment community located in North Charleston, SC.

Blake Cohen, Mike Ryan and JP Cordeiro of Cushman & Wakefield’s equity, debt and structured finance team secured the loan through Ameris Bank.

The property, located on Forest Hills Drive, is 80.5% leased and features one- and two-bedroom units with an average unit size of 827 square feet.

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Inside The Story

Cushman & Wakefield

About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.
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