Section 538 loans in South Carolina
USDA's public file lists 56 Section 538 guaranteed loans in South Carolina, $197,758,451 in all, financing 3,196 apartments. 54 of them also used housing tax credits. The median loan covered 31% of total development cost.
Lenders on these loans
- CHURCHILL MORTGAGE INVESTMENT LLC42
- BELLWETHER ENTERPRISE REAL ESTATE5
- BONNEVILLE MORTGAGE COMPANY, LLC4
- GREYSTONE SERVICING COMPANY LLC4
- MERCHANTS CAPITAL CORP.1
Lender names as USDA records them. Open Country is not affiliated with any lender listed.
| Project | Closed | Loan | Loan to cost | Units | 1BR / 2BR / 3BR rent |
|---|---|---|---|---|---|
| Chester Townhouses II Chester · Rehab/Repair · LIHTC · BONNEVILLE MORTGAGE COMPANY, LLC | 2026 | $1,995,000 | 24% | 52 | $810 / $900 / $1,040 |
| Forest Glen Clinton · New Construction · LIHTC · CHURCHILL MORTGAGE INVESTMENT LLC | 2024 | $2,491,000 | 18% | 60 | - / $587 / $703 |
| Canterfield Manor Apartments Denmark · Rehab/Repair · LIHTC · CHURCHILL MORTGAGE INVESTMENT LLC | 2024 | $300,000 | 9% | 20 | $840 / - / - |
| Blackville Gardens Apartments Blackville · Rehab/Repair · LIHTC · CHURCHILL MORTGAGE INVESTMENT LLC | 2024 | $375,000 | 10% | 24 | $742 / $782 / $822 |
| Preserve At Hanover Park Apts Beaufort · New Construction · CHURCHILL MORTGAGE INVESTMENT LLC | 2024 | $53,875,000 | 65% | 280 | $1,754 / $2,154 / $2,320 |
| Cheney Mill Lofts Pendleton · New Construction · LIHTC · CHURCHILL MORTGAGE INVESTMENT LLC | 2024 | $16,835,000 | 55% | 120 | $1,250 / $1,400 / $1,750 |
| Warren Mill Lofts Warrenville · New Construction · LIHTC · CHURCHILL MORTGAGE INVESTMENT LLC | 2023 | $37,900,000 | 63% | 205 | $1,410 / $1,632 / $1,703 |
| The Arden Blythewood · New Construction · LIHTC · BELLWETHER ENTERPRISE REAL ESTATE | 2022 | $1,280,600 | 11% | 48 | $575 / $675 / - |
| Marion Commons Apartments Lake City · New Construction · LIHTC · CHURCHILL MORTGAGE INVESTMENT LLC | 2022 | $1,047,600 | 12% | 45 | $531 / $628 / - |
| Preserve At Ridgeville Ridgeville · New Construction · CHURCHILL MORTGAGE INVESTMENT LLC | 2021 | $30,850,000 | 68% | 240 | $1,093 / $1,535 / $1,550 |
| Fountain Arms Apartments Fountain Inn · Rehab/Repair · LIHTC · CHURCHILL MORTGAGE INVESTMENT LLC | 2020 | $275,000 | 6% | 50 | $525 / $560 / - |
| The Pointe At Lake Murray Irmo · New Construction · LIHTC · BELLWETHER ENTERPRISE REAL ESTATE | 2020 | $2,635,000 | 25% | 60 | - / $610 / $706 |
| Marsh Pointe Port Royal · New Construction · LIHTC · CHURCHILL MORTGAGE INVESTMENT LLC | 2019 | $2,540,000 | 29% | 48 | - / $650 / $700 |
| Canterbury Apartments Camden · Rehab/Repair · LIHTC · CHURCHILL MORTGAGE INVESTMENT LLC | 2017 | $866,000 | 31% | 36 | $480 / - / - |
| Devonshire Apartments Andrews · Rehab/Repair · LIHTC · CHURCHILL MORTGAGE INVESTMENT LLC | 2017 | $971,000 | 34% | 32 | $525 / $610 / - |
| Evans Knoll Apartments Winnsboro · Rehab/Repair · LIHTC · GREYSTONE SERVICING COMPANY LLC | 2017 | $1,034,000 | 35% | 36 | $465 / $500 / - |
| Foxcreek Apartments St. Stephen · Rehab/Repair · LIHTC · CHURCHILL MORTGAGE INVESTMENT LLC | 2017 | $2,000,000 | 59% | 48 | $719 / $784 / $885 |
| Knolwood I & II Apartments Lancaster · Rehab/Repair · LIHTC · CHURCHILL MORTGAGE INVESTMENT LLC | 2017 | $1,606,000 | 26% | 88 | $460 / $490 / - |
| Oakland Plantation Apartments Sumter · Rehab/Repair · LIHTC · CHURCHILL MORTGAGE INVESTMENT LLC | 2017 | $1,936,000 | 48% | 72 | $495 / $515 / $525 |
| Pecan Grove Apartments Abbeville · Rehab/Repair · LIHTC · GREYSTONE SERVICING COMPANY LLC | 2017 | $874,000 | 34% | 40 | $415 / $483 / $513 |
| Ramblewood Apartments Batesburg-leesville · Rehab/Repair · LIHTC · CHURCHILL MORTGAGE INVESTMENT LLC | 2017 | $2,269,000 | 59% | 64 | $613 / $678 / $780 |
| Shady Moss Townhouses Conway · Rehab/Repair · LIHTC · CHURCHILL MORTGAGE INVESTMENT LLC | 2017 | $644,000 | 18% | 46 | $479 / $530 / - |
| Sparkleberry Hill Apartments Columbia · Rehab/Repair · LIHTC · CHURCHILL MORTGAGE INVESTMENT LLC | 2017 | $1,523,000 | 37% | 64 | $500 / $535 / - |
| Tallwood I & II Apartments Clinton · Rehab/Repair · LIHTC · GREYSTONE SERVICING COMPANY LLC | 2017 | $591,000 | 29% | 40 | $460 / $500 / - |
| Water Oak Apartments Jefferson · Rehab/Repair · LIHTC · CHURCHILL MORTGAGE INVESTMENT LLC | 2017 | $1,832,000 | 60% | 40 | $623 / $708 / $806 |
| West Pines Cheraw · Rehab/Repair · LIHTC · CHURCHILL MORTGAGE INVESTMENT LLC | 2017 | $663,000 | 23% | 40 | $412 / $442 / - |
| Woodside Apartments Bishopville · Rehab/Repair · LIHTC · CHURCHILL MORTGAGE INVESTMENT LLC | 2017 | $2,350,000 | 68% | 48 | $685 / $775 / $883 |
| Yorktown Apartments Clover · Rehab/Repair · LIHTC · GREYSTONE SERVICING COMPANY LLC | 2017 | $1,117,000 | 37% | 40 | $460 / $500 / - |
| Ashley Pointe Beaufort · New Construction · LIHTC · CHURCHILL MORTGAGE INVESTMENT LLC | 2016 | $2,100,000 | 23% | 56 | - / $580 / $650 |
| Seaborn Greene Bamberg · New Construction · LIHTC · BELLWETHER ENTERPRISE REAL ESTATE | 2016 | $320,000 | 5% | 40 | - / $420 / $468 |
| Winfield Apartments Harleyville · Rehab/Repair · LIHTC · MERCHANTS CAPITAL CORP. | 2016 | $350,000 | 10% | 34 | $550 / $625 / - |
| Serenity Place Seneca · New Construction · LIHTC · BONNEVILLE MORTGAGE COMPANY, LLC | 2015 | $586,000 | 8% | 48 | $370 / $490 / - |
| Saluda Commons Saluda · New Construction · LIHTC · BELLWETHER ENTERPRISE REAL ESTATE | 2015 | $460,000 | 6% | 40 | $439 / $519 / - |
| Briarwood Apartments Clio · Rehab/Repair · LIHTC · CHURCHILL MORTGAGE INVESTMENT LLC | 2014 | $309,000 | 23% | 24 | $530 / - / - |
| Cottonwood Apartments Williston · Rehab/Repair · LIHTC · CHURCHILL MORTGAGE INVESTMENT LLC | 2014 | $452,000 | 38% | 24 | $509 / $578 / - |
| Country Ridge Apartments Walhalla · Rehab/Repair · LIHTC · CHURCHILL MORTGAGE INVESTMENT LLC | 2014 | $530,000 | 34% | 32 | - / $499 / - |
| Laurelwood Apartments Winnsboro · Rehab/Repair · LIHTC · CHURCHILL MORTGAGE INVESTMENT LLC | 2014 | $1,521,000 | 47% | 64 | $541 / - / - |
| Logan Lane Apartments Ridgeland · Rehab/Repair · LIHTC · CHURCHILL MORTGAGE INVESTMENT LLC | 2014 | $396,000 | 24% | 36 | $415 / $500 / $534 |
| Marion Manor Apartments St. Stevens · Rehab/Repair · LIHTC · CHURCHILL MORTGAGE INVESTMENT LLC | 2014 | $805,000 | 55% | 28 | $537 / - / - |
| Pineridge Apartments Prosperity · Rehab/Repair · LIHTC · CHURCHILL MORTGAGE INVESTMENT LLC | 2014 | $350,000 | 32% | 24 | $525 / $600 / - |
| Riverwinds Apartments Camden · Rehab/Repair · LIHTC · CHURCHILL MORTGAGE INVESTMENT LLC | 2014 | $1,198,000 | 56% | 48 | $527 / $601 / - |
| Scarlett Oaks Apartments Lexington · Rehab/Repair · LIHTC · CHURCHILL MORTGAGE INVESTMENT LLC | 2014 | $673,000 | 32% | 40 | $560 / - / - |
| Stonegate Apartments Clover · Rehab/Repair · LIHTC · CHURCHILL MORTGAGE INVESTMENT LLC | 2014 | $1,218,000 | 56% | 44 | $550 / $570 / - |
| Three Oaks Apartments Cowpens · Rehab/Repair · LIHTC · CHURCHILL MORTGAGE INVESTMENT LLC | 2014 | $1,321,000 | 50% | 52 | $545 / $575 / $715 |
| Westchase Apartments Clinton · Rehab/Repair · LIHTC · CHURCHILL MORTGAGE INVESTMENT LLC | 2014 | $2,155,000 | 56% | 85 | $440 / $565 / $640 |
| New Legacy Apartments Conway · Rehab/Repair · LIHTC · CHURCHILL MORTGAGE INVESTMENT LLC | 2012 | $2,850,000 | 29% | 90 | - / $489 / $650 |
| Brittany Manor Apartments Union · Rehab/Repair · LIHTC · BONNEVILLE MORTGAGE COMPANY, LLC | 2012 | $424,251 | 5% | 78 | $485 / $520 / - |
| Fountain Hills II Fountain Inn · New Construction · LIHTC · BONNEVILLE MORTGAGE COMPANY, LLC | 2011 | $750,000 | 18% | 32 | $355 / $430 / $515 |
| Jenny Greene Hardeeville · New Construction · LIHTC · BELLWETHER ENTERPRISE REAL ESTATE | 2010 | $650,000 | 9% | 50 | $368 / $448 / $498 |
| Autumnwood Village Apartments Walhalla · Rehab/Repair · LIHTC · CHURCHILL MORTGAGE INVESTMENT LLC | 2010 | $780,000 | 33% | 32 | $450 / - / - |
| Berkeley Place Apartments Moncks Corner · Rehab/Repair · LIHTC · CHURCHILL MORTGAGE INVESTMENT LLC | 2010 | $590,000 | 32% | 24 | $523 / - / - |
| Breckenridge Apartments Mccoll · Rehab/Repair · LIHTC · CHURCHILL MORTGAGE INVESTMENT LLC | 2010 | $585,000 | 31% | 24 | $450 / - / - |
| Brookside Manor Apartments Newberry · Rehab/Repair · LIHTC · CHURCHILL MORTGAGE INVESTMENT LLC | 2010 | $940,000 | 31% | 42 | $440 / - / - |
| North Oaks Apartments Conway · Rehab/Repair · LIHTC · CHURCHILL MORTGAGE INVESTMENT LLC | 2010 | $1,000,000 | 30% | 44 | $410 / $470 / - |
| Poplar Creek Apartments Inman · Rehab/Repair · LIHTC · CHURCHILL MORTGAGE INVESTMENT LLC | 2010 | $695,000 | 29% | 30 | $445 / $490 / - |
| Town And Country Apartments Lexington · Rehab/Repair · LIHTC · CHURCHILL MORTGAGE INVESTMENT LLC | 2010 | $1,075,000 | 32% | 45 | $440 / $485 / - |