Fayetteville, NC Multifamily Market Report 2022 Recap National interest in the Fayetteville, NC, market is on the rise as the strength of the Sun Belt continues to draw investors into the region. The increase in activity resulted in a record $621M in multifamily sales volume in 2022 – a 17% increase over 2021. Capitalization rates…
Despite the forecasted recession, most seemed cautiously optimistic, and projections were far from dire. Our own observations of the multifamily market align with this perspective. There is still capital looking to invest in commercial real estate, and multifamily remains a front-running investment choice. The increased cost of ownership for single-family homes, coupled with a nationwide…
A new year and shifting markets – how will investors and property owners fair in 2023? Let’s take a look. Let’s start by agreeing that no one has a crystal ball that will tell them exactly what will happen in 2023. That said, we can make a few educated guesses based on historical trends and…
With the stores decorated for Christmas and shoppers rushing to get last-minute stocking stuffers, it is time to take a moment and reflect on the year that was. 2022 saw the end of a pandemic and the start of a war – England said goodbye to their queen, and NASA returned to the moon. It…
The State of the Multifamily Market and a Look Ahead to 2023 The Macro Environment As 2021 drew to a close, concerns about rising inflation and an overpriced housing market began working their way into conversations. The Federal Reserve and many industry experts assured anyone who would listen that inflation was transient – a…
Referred by an existing client, Sweetwater Capital set out to place permanent financing for this 160 unit multifamily property in late 2019. Looking to achieve $12.2MM loan amount, we had a few hurdles to jump through to close the deal. First, we needed to raise the occupancy and revenue. We introduced the borrower to a…
$43MM Refinance at 4.015% Interest Rate for South Carolina Multifamily Asset
Refinance provides large cash-out to borrower for new development
$13.5 million dollars. 4.33% interest rate. 3 years interest only.
2019 begins with the placement of a $20.5M construction loan for a new multifamily property in Burlington, NC
We’re growing and evolving as a company. Capstone Capital is now Sweetwater Capital. Welcome!
We hit a new milestone this year and we can’t wait to share the news! The closing of our 213th loan pushes us over the edge, allowing us to surpass $2 billion in total loan volume closed! “We are positioning ourselves to expand into new markets, but also further into the South, Midwest and Mid-Atlantic,”…
We are continuing to grow with the addition of a new regional office and VP of Sales Production. Welcome to the team Stephen!
Sweetwater Capital is continuing to strengthen its first quarter with the loan closing of Clemons Lofts, a six-story, mixed-use building in downtown Chattanooga, Tennessee. “The borrower was shaking up the status quo by taking a stabilized multifamily property and converting it to a short-term rental property,” said Scott Yerkes, Sweetwater Capital vice president. “Without existing…
Sweetwater Capital achieved a significant milestone this week with the loan closing of Creekside at Sixth Apartments in Lillington, North Carolina. Creekside at Sixth marks the 200th loan for the commercial mortgage brokerage company for nearly $1.9 billion in loan volume. With ten accomplished years to celebrate, Sweetwater Capital is entering a new phase of…
Louisville, KY – Sweetwater Capital is excited to announce the recent cash-out refinance of a 362-unit multifamily community in Louisville, KY on September 23, 2016. The owners purchased the property in May 2014 for $5,500,000. At the time of purchase, the property was in rough shape, with approximately 90 units that were completely boarded up.…
Greenville, NC – Sweetwater Capital is pleased to announce the recent refinancing of The Boundary at West End, a “best in class” four and five-story, mixed used development that provides 550 beds of student housing to students attending East Carolina University along with 9,500 square feet of retail space on the first floor. This beautiful…
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