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Atlanta & Southeast  + Southeast  + Finance  |  July 17, 2020
David Cohen
By: David Cohen

NKF Secures $34M Refinancing for Charleston Apartment Community

NKF has secured a $34.3-million loan to refinance The Heyward Apartments, a 260-unit, garden-style apartment community in Charleston.

Bill Mott, Greg Primiano and John Chobanian of NKF secured the Freddie Mac ARM financing on behalf of the undisclosed borrower. Terms of the 10-year ARM included five years of interest-only payments.

Built in 2017, the community features a mix of studio, one-, two- and three-bedroom floorplans. The pet-friendly community offers a suite of amenities including a clubhouse, saltwater pool, fitness center, BBQ patio, dog park, two ponds and walking paths. The property is located at 3220 Hatchet Bay Drive in Charleston’s West Ashley submarket.

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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