Southern Land Company refinanced the construction debt of Society at Laurens, a 148-unit apartment community in Charleston, South Carolina. Walker & Dunlop arranged a three-year bridge loan of $75 million with Aareal Capital.

The W&D Capital Markets team, led by Walker Layne, Matt Wallach and Stephen West, served as advisors to Southern Land Company.

The property has 1-bedroom, 2-bedroom and 3-bedroom units, including penthouses. Amenities include a heated saltwater pool and spa situated on a second-floor deck with views of Charleston Harbor, a fitness center and controlled-access parking. 

The project is at 31 Laurens St in Charleston’s historic downtown district.

On its website, Southern Land Company says it is a privately held, full-service real estate development company that has been reimagining the industry since 1986. Aareal Bank has been in business for over 100 years and is based in Wiesbaden, Germany.

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