PCCP has provided a $62 million senior loan to Woodfield Development, for the refinance of The Radler, a 324-unit, Class A, garden-style multifamily community located at 1100 Warburton Road in Summerville, SC in Downtown Nexton. A mixed-use community is approximately 25 miles north of Downtown Charleston. Â
Situated on approximately 11.4 acres, The Radler consists of studio, one-, two-, and three-bedroom units spread across seven buildings, each rising three or four stories. The 2024-vintage property offers an array of amenities, including a pool and sundeck, a rooftop sky lounge, a fitness center and outdoor fitness lawn, a spin room, a conference room, co-working spaces, a game room, and a resident lounge. The pet-friendly community also features a courtyard, gas grills, outdoor dining spaces, a pickleball court, an outdoor amphitheater, a bike barn, and electric vehicle charging stations.Â
The Radler marks Woodfield’s 18th project in South Carolina, adding to over 4,300 units and more than $1 billion in development within the state over the past 15 years.
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