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Atlanta & Southeast  + Southeast  + Finance  |  October 21, 2019
David Cohen
By: David Cohen

Hunt Secures $22M Acquisition Loan for Pawleys Island MF Property

Hunt Real Estate Capital secured a $21.7-million Freddie Mac conventional multifamily loan for the acquisition of a property in Pawleys Island, SC.

The property, Litchfield Oaks, was built in 1999 and is a 192-unit, three-story apartment community spread across 20 acres. The unit mix is comprised of 18 one-bedrooms, 144 two-bedrooms, and 30 three-bedroom units.

John Beam of Hunt secured the fixed-rate, seven-year loan with a 30-year amortization schedule on behalf of the borrower, DF Ventures, the investment arm of Drucker + Falk, in partnership with Boca Raton-based Eastham Capital. The first two years of the loan are interest only.

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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