
GBT Secures $88M Construction Loan for Charleston Multifamily
Brentwood, TN-based GBT Realty Corporation has secured $88 million to build the latest housing development in Carnes Crossroads, a 2300-acre master-planned development near Charleston. GBT’s The Village at Carnes Crossroads will include 306 multifamily homes and more than 11,000 square feet of retail.
GBT acquired the 11.82-acre site earlier this month from Carnes Crossroads Association. JLL Capital Markets arranged construction financing with Bank of America and Meta Real Estate Partners. JLL’s Managing Directors Matt Stewart and Chip Sykes, and Director Wyatt Strahan represented GBT Realty.
The studio, one-, two- and three-bedroom units have upscale finishes, with community amenities including separate large- and small-breed dog parks, resort-style saltwater pool, outdoor kitchen on a community lawn, club room with catering kitchen and golf stimulator, state-of-the-art fitness complex and a co-working center.
The development team includes Atlanta-based Dynamik Design, civil engineers Thomas & Hutton and general contractor Samet Corporation.
- ◦Financing