Mesa West Capital Provides Loan to Refinance Multifamily Property in Summerville

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Mesa West Capital has provided Woodfield Development with a $50.4 million loan to refinance The Ames, a newly delivered Class A, 304-unit multifamily property in Summerville, South Carolina.

Since its opening in 2024, The Ames has experienced excellent leasing velocity and is outpacing the competitive supply in occupancy, according to Mesa West Capital Executive Director Pamir Niaz, who led the New York-based origination team.

“The Ames is a highly desirable multifamily community – delivered by an experienced, local developer – that benefits from the Charleston region’s strong population and job growth,” said Niaz.

“Summerville is squarely within the path of growth, and The Ames is further supported by its location in the heart of Nexton, a burgeoning mixed-use community with an array of dining, shopping, and recreational amenities.”

The Ames offers a mix of floor plans ranging from studios to three-bedroom, two-bath apartment homes. Units feature in-unit washer/dryer, granite countertops, walk-in closets and private balconies or patios.

Community amenities include a resort-style pool with poolside cabanas and grilling stations, an amphitheater, resident lounge, fitness center, pickleball courts and a dog park.

The financing was arranged by Walker & Dunlop’s Charleston Capital Markets team led by Walker Layne and Austin Sneed.