ATLANTA, GA - CBRE Capital Market’s Debt & Structured Finance team has secured $33.068 million in acquisition financing for the undisclosed buyer of The Apartments at Brayden, a 332-unit multifamily property located at 1027 Aubrey Lane in Fort Mill, SC, just south of Charlotte, NC.
CBRE’s Charlotte-based Nate Sittema and Kristen Reilley led the capital markets efforts to secure the permanent financing on the community through Life Insurance Company. The newly built community was just reaching stabilization at closing.
“Fort Mill has seen explosive residential growth in recent years bolstered by a phenomenal school system and a very enjoyable live, work balance. The Apartments at Brayden benefits from its location directly in the heart of this growth pocket and presented an opportunity to secure the community at an appealing basis, and with room to run as the market continues to strengthen around them,” said Mr. Sittema, vice president at CBRE.
The property is situated directly off SC Highway 160 in an amenity-rich pocket of Fort Mill. A 45,000-sq.-ft. Earthfare-anchored retail development immediately across from the property is currently under development with Pet Supermarket, Bella Nail Salon and Club Pilates as signed tenants. The property’s amenities include an expansive resort-style pool, a pool deck with summer kitchens, a clubhouse with a 24-hour fitness and business center, a playground, electric car charging stations, dog park, and a car care center.