Construction to begin on $40M Class A industrial park in Mount Pleasant

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A national commercial and multifamily mortgage banking company has secured $40.3 million in construction financing to build a Class A industrial park in Mount Pleasant.

BWE secured the financing of Carolina Business Park, a 483,300-square-foot Class A commerce/industrial park, with three rear-load buildings and situated on 60 acres of land, according to a BWE news release.

“Despite the lack of liquidity for construction loans right now, we leveraged our relationship with an insurance company with whom BWE has a servicing relationship to secure an attractive loan for our client on this 100% spec property,” said Thomas Wiedeman, BWE’s senior vice president, in the release. “We look forward to working with more clients like Cameron Property Company to bring high-quality industrial developments to strategic locations across the Southeast.”

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The buildings are also designed to blend into the surrounding community, the release states.

With more than 40 offices, BWE stands as a national, full-service commercial and multifamily mortgage banking company committed to elevating real estate financing.