JLL Secures $8.567M Freddie Mac Loan for Prospect Lane's Treehaven Apartments Acquisition in Summerville, SC
JLL has arranged $8.567 million in acquisition and renovation financing for Treehaven Apartments, a garden-style multifamily community located at 400 Pinewood Dr. in Summerville, South Carolina, the firm announced July 9, 2026.
JLL represented the borrower, Prospect Lane, in securing a five-year, fixed-rate loan through Freddie Mac. The loan will be serviced by JLL Real Estate Capital, LLC, a Freddie Mac Optigo Lender.
Deal Structure and Property Details
Prospect Lane acquired Treehaven Apartments for $11.85 million and is implementing an $800,000 capital improvement plan that includes unit renovations on a rolling basis as units become available, along with exterior, amenity, and building upgrades. JLL noted that a full tax abatement structure contributed to the transaction's appeal for both the borrower and lender.
Built in 1978 and last renovated in 2003, the garden-style property offers residents amenities including a fitness center, swimming pool, clubhouse, playground, landscaped grounds, washer and dryer hookups in each unit, high-speed internet access, and 24-hour emergency maintenance. All units include air conditioning, heating, ceiling fans, and fully equipped kitchens.
Editor's note: The source press release describes the property as an 88-unit community in its headline and opening paragraph, but separately references a unit mix of 143 one-bedroom and 79 two-bedroom units, which totals 222 units. This discrepancy has not been independently resolved. Readers should seek clarification from JLL or Prospect Lane.
Summerville and the Charleston Market
Summerville is part of the Charleston metropolitan area, which JLL describes as one of the fastest-growing regions in the Southeast. The property's location provides access to Interstate 26 and surrounding employment centers in the greater Charleston area. JLL cited the region's expanding economy, quality of life, and proximity to major employers as factors supporting continued rental demand.
JLL's Debt Advisory team on the transaction was led by Directors Jonah Aelyon and Brad Woolard, and Senior Analyst Tomie Vega.
"The successful arrangement of acquisition financing for Treehaven Apartments demonstrates the continued appetite for value-add multifamily investments in the Charleston market and Prospect Lane's ability to uncover off-market opportunities," said Aelyon. "The property's strategic location in Summerville and the tax abatement structure made this an attractive opportunity for both the borrower and lender."
About the Borrower and Lender
Prospect Lane is a national real estate investment, operations, and development firm focused on multifamily value-add opportunities. Founded in 2022, the company holds a portfolio of 13 apartment communities throughout the Carolinas totaling more than 2,000 units. The firm describes its mission as providing high-quality, efficient, and inclusive housing in the communities it serves.
Freddie Mac provided the loan, with JLL Real Estate Capital, LLC acting as the Freddie Mac Optigo servicer. JLL Capital Markets operates as a full-service global provider of capital solutions for real estate investors and occupiers, with more than 3,000 specialists in offices across nearly 50 countries.