Hathaway Obtains Refi on 312-Unit Indian Trail Rental Community

Hathaway Development received a total of $153.3 million in loan proceeds to refinance three recently-developed multifamily communities in the Southeast. Walker & Dunlop arranged the financing, which consisted of floating-rate bridge loans provided by ACRES. They will refinance the properties’ construction debt.

Two of the properties are in Louisiana and Florida. The third is in Indian Trail, South Carolina. It received $56.2 million in refinancing. Exchange at Indian Trail is located at 199 Exchange Circle, approximately 15 miles outside of Charlotte. The community, which finished construction in January of this year, features 312 units across three- and four-story buildings on a 27.15-acre site. Evolve Management Group manages the property.

The team leading the transaction included Walker & Dunlop Stephen Farnsworth, Hanes Dunn and Robert Henry. Hathaway developed all three properties and delivered them between 2024 and January 2025.

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