KIAWAH ISLAND, S.C. — Ziegler has arranged $212.9 million in bond financing for Seafields at Kiawah Island, located on Kiawah Island, a resort town south of Charleston.
The borrower is Kiawah Life Plan Village Inc. (KLPV), a South Carolina nonprofit corporation that was formed on Dec. 7, 2020, to develop, own, and operate a continuing care retirement community on approximately eight acres. The community will feature 90 independent living units and 16 assisted living units.
Seafields is located adjacent to Freshfields Village, which is an open-air pedestrian village with a variety of stores, dining, events and entertainment.
KLPV will use the proceeds of the bonds to fund the development. The property’s developer is BRP Senior Housing Management. Kiawah Island Real Estate is the sole real estate brokerage company for the community, providing both marketing and sales for prospective residents.