Nestled between the Spanish moss of Savannah and the sun-soaked beaches of Hilton Head Island, this loan funds the acquisition of Phase 1 of the 5-phase, 4,000+ lot project spanning over 2600 acres referred to as the ‘Morgan Tract’. The Morgan Tract will feature diverse product segmentation and construction styles, including multi-family, casita, cottage, and single-family detached homes. The acquisition and development loan was funded in November 2023.
November 2023
800 single family detached, mf/casitas, and cottage lots
$5,000,000
