Northmarq arranges $37M bridge loan for Evolve Homestead garden apartments in Greenville, SC
GREENVILLE, S.C. — Northmarq's West Palm Beach Debt + Equity team led by Chris Hammel arranged $37 million in bridge financing for Evolve Homestead, a 240-unit garden-style apartment community located at 2001 Double Creek Pl. in Greenville, South Carolina.
Northmarq arranged the bridge financing on behalf of the borrower, Evolve Companies, through its relationship with BlackRock.
“Northmarq was pleased to provide lease-up financing for Evolve Homestead that met and exceeded the sponsor’s objectives. The non-recourse financing provides significant interest savings and return of capital to investors,” Hammel said.
Built in 2025, Evolve at Homestead features thoughtfully designed one-, two- and three-bedroom floorplans with private patios/ balconies. Unit amenities include designer fixtures and high-end finishes with spacious kitchens and walk-in closets.
Community amenities include a luxury clubhouse, resort-style pool with sun deck, 24-hour fitness center and yoga room, coffee bar, game room, outdoor grilling pavilion, dog park with pet spa, EV charging stations, and a playground.
Evolve Homestead is situated along both Interstate 85 and Interstate 386 in Greenville's rapidly expanding Upstate region, offering convenient access to major employment centers as well as nearby restaurants and shopping. The property is approximately 15 minutes from downtown Greenville and 18 minutes from Greenville-Spartanburg International Airport.
Meet our team
Northmarq is one of the largest privately held commercial real estate firms in the United States, combining a nationwide presence with deep local expertise. With more than 50 offices across the country, we provide a full suite of debt, equity, investment sales, loan servicing and fund management solutions for a comprehensive range of property types. Our unique structure allows us to connect clients with the best opportunities, yet be nimble enough to ensure access to every expert across our company. The firm manages a loan servicing portfolio of over $80 billion and has completed $91.3 billion in transactions over the past fours years. At Northmarq, collaboration fuels results, helping clients achieve success in every market, nationwide.
