174 Summit Street
← Back to Properties
✓ App-managed
Edit
Address
City/State/ZIP
Greenville, SC 29607
S
Units
96S
Property Style
GardenS
Market Type
SuburbanS
Year Built
1986S
Year Renovated
2024S
Class Rating
BS
Acres
—S
Total Sq. Ft.
84,480S
Unit Mix
Studios
0S
1 BR
33S
2 BR
48S
3 BR
15S
Other
0S
Commercial
0S
Deal Terms
Preferred Return
8.0%S
GP Ownership %
10.0%S
LP/GP Profit Split
70% / 30%S
Partners
Northwind Family Office; sponsor co-investS
Investment Details
| Deal Name | Summitwoods ApartmentsS |
| Status | ActiveS |
| Initial Investment | $1,400,000S |
Market Value
$8,533,000S
Cap Rate
C
DSCR
C
Net Equity
C
NOI Metrics (Annual)
T-1 NOI
C
T-3 NOI
C
T-6 NOI
C
T-12 NOI
C
Unit & Square Foot Metrics
| Price/Unit | C |
| NOI/Unit | C |
| MV/Unit | C |
| Price/Sqft | C |
| NOI/Sqft | C |
Financial Breakdown (2026)
| Net Rental Revenue | $121,205S |
| Property Taxes | ($12,605)S |
| Insurance | ($5,042)S |
| Repairs & Maintenance | ($10,084)S |
| Utilities | ($8,824)S |
| Debt Service | ($25,442)S |
| Professional Fees | ($1,008)S |
| Management Fees | ($4,412)S |
| Other Expenses | ($1,513)S |
| NOI | $64,287C |
Loan -
( days to maturity)
edit terms
| Original Amount | S |
| Outstanding | |
| Balance As Of | |
| Interest Rate | S |
| Loan Type | S |
| I/O Period | S |
| Loan Term | S |
| Monthly Debt Service | S |
| Annual Debt Service | C |
| Guarantee % | S |
| Maturity Date | S |
—
| Budget | S |
| Spent | S |
| Remaining | C |
| % of Purchase | C |
| Description | Budget | Spent | Remaining |
|---|---|---|---|
| RoofS | $119,500S | $102,400S | $17,100C |
| Unit renovationsS | $426,700S | $256,000S | $170,700C |
| AmenitiesS | $51,200S | $34,100S | $17,100C |
Ownership Structure
C
total
C
This property is held in more than one asset class, so the classes
are totalled separately. A lender's interest in the loan and an
owner's interest in the building are not shares of the same thing
and must not be added.
| Entity | Asset Class | Ownership % | Equity Value | Net Equity | Entity Type |
|---|---|---|---|---|---|
| Harbor LPS | Multi-FamilyS | 15.0%S | $1,280,000S | $597,500C | LPS |