Berkadia Secures $15M in Financing for Dr. Lola Deas Jones Community in Florence, South Carolina
Charlotte, North Carolina – October 21, 2026 – Berkadia, a distinguished leader in the commercial real estate sector, announced today the financing of Dr. Iola Deas Jones Community, a 64-unit, garden-style multifamily property in Florence, South Carolina. Managing Director Heather Olson of Berkadia’s Affordable Housing platform secured permanent financing through Freddie Mac. Head of Acquisitions Chris McGraw of Berkadia Tax Credit Syndication arranged $15 million in LIHTC equity on behalf of the developers Paces Preservation Partners (The Paces Foundation, Inc. and Soho Housing Partners) and Housing Authority of Florence, South Carolina (HAFSC).
“Dr. Iola Deas Jones Community represents an important investment in Florence, expanding access to high-quality housing for residents. We are proud to support a development that will create a modern, sustainable community and deliver long-term value for residents and the broader Florence area,” said McGraw. “By bringing our debt and equity capabilities together, we delivered a coordinated solution on an accelerated timeline with a shared commitment to our client’s objectives,” added Olson.
“This community is the result of a true partnership with the Housing Authority of Florence and a shared commitment to the families who will call it home,” said Kevin DiQuattro, Co-President of Soho Housing Partners. “Together with Paces, we’re delivering new, high-quality homes that residents can be proud of, and we’re grateful to Berkadia and Freddie Mac for helping bring that vision to life for Florence.”
The LIHTC property offers one-, two-, three-, and four-bedroom units with a variety of amenities, including a clubhouse, business center, exercise facility, on-site management, playground, and picnic area. All units will serve households earning up to 40% and 60% of Area Median Income.
Berkadia Affordable Housing is a fully integrated financial services platform comprised of mortgage banking, investment sales, and tax credit syndication that delivers comprehensive investment solutions to clients across the country and distinguishes itself by pairing deep technical expertise and a wide array of product offerings with the drive and focus necessary to help clients grow their business.