Walker & Dunlop Arranges $40M Acquisition Financing for Apartment Community in Spartanburg, South Carolina

Walker & Dunlop Arranges $40M Acquisition Financing for Apartment Community in Spartanburg, South Carolina

SPARTANBURG, S.C. — Walker & Dunlop has arranged $40 million in acquisition financing for The Lively at Drayton Mills, a 297-unit apartment community located at 225 Milliken St. in Spartanburg. The borrower is BridgeGaps Real Estate, a New York City-based multifamily investment and management firm. Jared Sobel led the Walker & Dunlop team that arranged the financing, which comprised a $31 million Freddie Mac loan and a $9 million preferred equit…

$40M deal funds The Lively at Drayton Mills in Spartanburg - GSA Business Report

​ $40M acquisition financing arranged by Walker & Dunlop Bridge Gaps acquired The Lively at Drayton Mills, a 297-unit complex Freddie Mac provided $31M loan; $9M in preferred equity from WDIP Community features pool, fitness center, trails and dog park   Walker & Dunlop arranged a $40M acquisition loan and preferred equity for The Lively at Drayton Mills, a multifamily community in Spartanburg purchased by Bridge Gaps. The W&D Real Estate …