Camellia Banks
LDI A&D | LDI Realty | Logan Homes
Project Description
Acquisition:
- Camellia Banks was acquired by our LDI A&D team. After discovering this undeveloped property, LDI knew this was the perfect location for a new development comprised of single family homes in this highly sought after location in Beaufort, SC. This waterfront community is comprised of 50 homes on the Morgan River.
- This project was funded with a mix of private equity and institutional debt in the form of an acquisition loan.
Entitlement & Permitting:
- LDI purchased Camellia Banks fully entitled and permitted.
Horizontal construction:
- LDI managed the site work in house by partnering with a local site contracting team in order to prepare the site for vertical construction.
Vertical Construction:
- Logan Homes will manage all vertical construction of these homes, while a few of the waterfront premium lots will be sold to select custom builders for construction.
Sales and Marketing:
- This project is in a highly-sought after part of Beaufort, with quick access to shopping, dining and more. This property features a 6 acre pond, marsh views and a deep water day dock. Demand is already high for this new development and continues to build.
Disposition of Asset:
- Home sales will soon be underway and as demand is high, we expect a quick sell-out of this unique community.