Evolve Snags $41M Refi on SC Rental Community

Evolve Companies secured a $41 million refinancing for its 280-unit apartment community at 510 Cedar Tree Rd. in Wellford, South Carolina, near Spartanburg. Northmarq’s West Palm Beach Debt + Equity team led by Chris Hammel arranged the bridge financing on behalf of the borrower through its relationship with BlackRock. Built in 2024, Evolve New Hope Farm features one-,...