Citizen Bank financed the upscale development, with the first apartments slated for delivery next year.
Located within walking distance from Clemson University, the 349-bed property is the joint venture’s second acquisition.
The package includes a construction loan from a local bank and preferred equity through an insurance company.
A partnership between Piedmont Private Equity and Ecstatic Properties is developing the 240-unit garden-style community.
The company bought two assets in separate transactions and secured financing through CIBC Bank USA.