New St. James at Goose Creek Owner Closes $19M Loan

The Florida company buying St. James at Goose Creek has closed on its $19 million loan, according to a press release statement.

The apartment complex was formerly called St. James at Woodfield. 

Trade Street Residential Inc., a fully integrated owner and operator of high-end apartment communities in targeted growth markets in the southeastern United States, including Texas, announced Tuesday that it, through a subsidiary, has closed on a 10-year $19.0 million first mortgage loan secured by the 244-unit apartment community.  The commitment for this financing had been previously announced, and the mortgage loan was closed on June 20.

St. James at Woodfield apartment complex has sold for $27.2 million. This is Trade Street Residential's first enterance into the S.C. market.