Treehaven Apartments: $8.6M acquisition financing secured for 88-unit Charleston-area community with full tax abatement

SAN FRANCISCO, July 9, 2026 –  JLL Capital Markets announced today that it has arranged $8.567 million in acquisition and renovation financing for Treehaven Apartments, an 88-unit garden-style multifamily community in Summerville, South Carolina.

JLL represented the borrower, Prospect Lane, in arranging 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.

Treehaven Apartments, located at 400 Pinewood Dr., provides convenient access to Interstate 26 and surrounding employment centers in the greater Charleston area. The property, built in 1978 and last renovated in 2003, comprises 143 one-bedroom and 79 two-bedroom units across its garden-style layout.

Summerville continues to experience growth as part of the Charleston metropolitan area, one of the fastest-growing regions in the Southeast. The community offers an affordable housing option in a market where demand remains strong due to the area's expanding economy, quality of life and proximity to major employers.

The property features air conditioning, heating and ceiling fans in all units, along with fully equipped kitchens including refrigerators, ovens, dishwashers and garbage disposals. Each unit includes washer and dryer hookups for resident convenience. Community amenities include a fitness center, swimming pool, clubhouse, beautifully landscaped grounds, a playground and organized resident activities. High-speed internet is available throughout the property, and 24-hour emergency maintenance ensures resident safety and satisfaction.

Prospect Lane acquired the asset for $11.85 million and is implementing an $800,000 capital improvement plan to renovate units as they become available, along with exterior, amenity and building upgrades.

JLL Capital Market's Debt Advisory team 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."

Prospect Lane is a national real estate investment, operations and development firm focused on multifamily value-add opportunities. Founded in 2022, the company was formed with the goal of becoming a premier provider of high-quality, efficient and inclusive housing in the communities it serves. Prospect Lane retains a portfolio of 13 apartment communities throughout the Carolinas totaling more than 2,000 units.

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The group’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients, including investment sales and advisory, debt advisory, M&A and corporate finance, loan sales, equity & fund placement, net lease, derivative advisory and energy & infrastructure advisory. JLL Capital Markets has more than 3,000 specialists worldwide with offices in nearly 50 countries.

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JLL (NYSE:JLL) is a leading global commercial real estate services and investment management company with annual revenue of $26.1 billion, operations in over 80 countries and a global workforce of more than 113,000 as of March 31, 2026. For over 200 years, clients have trusted JLL, a Fortune 500® company, to help them confidently buy, build, occupy, manage and invest across a variety of industries and property types, including office, industrial, hotel, multi-family, retail and data center properties. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAY. Powered by rich global datasets and leading technology capabilities, we provide coordinated, end-to-end delivery of real estate services for a broad range of global clients who represent a wide variety of industries. Through LaSalle Investment Management, we invest for clients on a global basis in both private assets and publicly traded real estate securities. For further information, visit jll.com.

Prospect Lane is a national real estate investment, operations and development firm focused on multifamily value-add opportunities. Founded in 2022, the company was formed with the goal of becoming a premier provider of high-quality, efficient and inclusive housing in the communities it serves. Prospect Lane retains a portfolio of 13 apartment communities throughout the Carolinas totaling more than 2,000 units.