Buying a home is one of the most significant investments that you will ever make. Like most good things, finding the perfect home comes with a lot of work. From your initial search online to your home tour and finally closing, there are many difficult decisions to make along the way. The bottom line is that the entire home buying process can be very stressful, especially when it comes to finding the right mortgage broker and loan for your new home. Since market conditions and mortgage programs change frequently, you have a lot riding on your broker’s ability to provide quick and accurate financial advice. Whether you’re a first-time homebuyer or own several residential properties, you need a mortgage broker in Nexton, SC, who can educate you on mortgage rates and provide trustworthy guidance to help you make an informed decision.
My name is Dan Crance – Nexton’s most trusted mortgage loan officer with more than 30 years in the mortgage industry. I bring unparalleled insight and decades of experience into your home loan process. If you’re looking for a new home loan, are interested in refinancing your current mortgage, or need information regarding FHA, VA, or other types of loans, Dan Crance is Your Mortgage Man.
Unlike some mortgage loan officers in Nexton, my primary goal is to help you make the right mortgage choice for you and your family. Mortgage lenders have a horrible reputation for turning over clients quickly to expedite cash flow and make the most money possible. While some mortgage brokers come off as pushy and impatient, I encourage my clients to take as much time as they need to ask questions and review their mortgage agreements. I’m here to help answer those questions and provide you with easy-to-understand advice so that you can rest easy knowing you made the right choice. I could say that I strive to provide service that exceeds your expectations, but I’d rather show you. In the end, I want you to leave feeling confident in the loan you’ve selected, as well as in your choice of broker.
Clients choose my mortgage company because I truly care about helping them navigate the often-confusing landscape of the mortgage process. I am fiercely dedicated to my clients and make every effort to provide them with trustworthy advice and an open line of communication.
In my business, I work for two different customers. On one hand, I have the buyer: the person entrusting me with the responsibility of guiding them through one of the most important decisions ever. Serving homebuyers is not a task that I take lightly. I work with them daily to help them through the process and provide timely updates and news on their mortgage status. On the other hand, I have the realtor: the person who works with my client to find their dream home. Since their commission is in my hands, working with realtors is also a very important task. I update these agents on the status of their customers weekly. Only when I take care of both parties can I say my job as a mortgage loan officer is complete.
As a mortgage broker with more than 30 years of experience, I pledge to give you the highest level of customer service while providing you with the most competitive loan products available. That way, you can buy the home of your dreams without second-guessing your decision.
At Classic Home Mortgage, our team works diligently to close on time without stress or hassle. Whether you’re a seasoned homeowner or are buying your new home in Nexton, we understand how much stress is involved. Our goal is to help take that stress off of your plate by walking you through every step of the home loan process. Because every one of our clients is different, we examine each loan with fresh eyes and a personalized approach, to find you the options and programs you need.
With over 30 years as a mortgage professional in Nexton, Dan Crance will help you choose the home loan, interest rate, term options, and payment plans that fit your unique situation.
30-Year Loan – This loan is often considered the most secure option to choose. With a 30-year loan, you can lock in a low payment amount and rest easy knowing your rate won’t change.
FHA Loan – If you’re not able to make a large down payment, an FHA loan could be the right choice for you. With an FHA loan, many of our clients have successfully purchased a home with less than 4% down.
VA Loan – This loan is reserved for military veterans and active-duty men and women. Those who qualify may be able to purchase a home with no down payment and no Private Mortgage Insurance (PMI).
Because home mortgage rates in the U.S. have been so low over the last year, many current homeowners are opting to refinance their home loans. Simply put, refinancing is replacing your existing mortgage with a different mortgage under new terms. Homeowners who refinance their homes enjoy lower interest rates, lower monthly payments, and even turn their home’s equity into cash. If you’re interested in refinancing your home, it all begins with a call to your mortgage broker in Nexton, SC – Dan Crance.
Refinancing from a 30-year to a 15-year mortgage might seem counterproductive on the surface because your monthly payment usually goes up. However, interest rates on 15-year mortgages are lower. And when you shave off years of your previous mortgage, you will pay less interest over time. These savings can be very beneficial if you are not taking the mortgage interest deduction on your tax returns.
FHA loans are notorious for paying premiums for the life of the loan. Mortgage insurance premiums for FHA loans can cost borrowers as much as $1,050 a year for every $100k borrowed. The only way to get rid of mortgage insurance premiums is to refinance to a new loan that the Federal Housing Authority does not back.
Sometimes, borrowers with adjustable-rate mortgages refinance so they can switch to a fixed rate, which lets them lock in an interest rate. Doing so is beneficial for some homeowners who like to know exactly how much their monthly payment is each month. Conversely, some homeowners with fixed rates prefer to refinance to an adjustable-rate mortgage. Homeowners often go this route if they plan on selling in a few years and don’t mind risking a higher rate if their plans fall through.
Finding the right loan can be a difficult proposition, even if you have been through the process before. This is especially true since mortgage rates and market conditions change frequently. If you’re like most of my clients, you probably have questions about interest rates, refinancing options, and a litany of other topics. To help alleviate some of your stress, here are just a few common questions with answers so that you can better educate yourself as we work our way to securing your loan.
The company that’s building out a master-planned community in Berkeley County that’s as large as the Charleston peninsula is set to come under new ownership.California-based Brookfield Residential announced this week that it is acquiring Newland, the developer of the 5,000-acre mixed-use Nexton neighborhood between Interstate 26 and U.S. Highway 176 near Summerville.The sale of San Diego-based Newland, which is involved in 20 large master-planned projects around the country, is expected to be finalized June 1....
The company that’s building out a master-planned community in Berkeley County that’s as large as the Charleston peninsula is set to come under new ownership.
California-based Brookfield Residential announced this week that it is acquiring Newland, the developer of the 5,000-acre mixed-use Nexton neighborhood between Interstate 26 and U.S. Highway 176 near Summerville.
The sale of San Diego-based Newland, which is involved in 20 large master-planned projects around the country, is expected to be finalized June 1.
Financial terms were not disclosed.
A Nexton spokeswoman declined to comment on the pending sale.
“No major, significant operational changes are expected,” said Brookfield spokeswoman Krista Ellingson.
She said the company’s specialty is supplying homes and lots in constrained real estate markets such as Charleston, where a scarcity of homes on the market has dropped to less than a one-month supply, triggering bidding wars and pushing up prices.
“We just aren’t a homebuilder, we invest in land to build homes and sell to homebuilders,” Ellingson said. “We want to show our partners that we are in it with them.”
Bob McLeod, Newland’s executive chairman, said the Brookfield deal “will provide more opportunities for the continued development of additional mixed-use masterplans well into the future as well as give us significant additional vertical development opportunities.”
As of this week, Nexton has 1,266 occupied single-family homes in four subdivisions — Brighton Park, Del Webb, Midtown and North Creek. About 200 more are under development within the neighborhoods.
Nexton also has about 900 finished apartments in three complexes, with another 600 rental units on the way.
When build-out is completed in about 10 years, Nexton will have about 7,000 residences with about 17,500 residents. That will make it roughly equal to the current populations of Moncks Corner and Georgetown combined.
Brookfield Residential currently has no real estate operations in the Palmetto State. The Newland acquisition will expand its footprint to eight new markets, including Charleston, Raleigh-Durham and Wilmington in the Carolinas, and five other areas where both companies have projects in the works.
Last year, Brookfield’s revenue from home and land sales was $1.74 billion, about $200 million less than in 2019, mainly because of the COVID-19 pandemic, according to the company’s annual report.
During the first three months of 2021, total revenue topped $444 million, about 30 percent more than the first quarter last year, when the coronavirus began to spread throughout the overall economy.
Costa Mesa, Calif.-based Brookfield Residential is part of Canada’s Brookfield Asset Management, which oversees investment totaling $600 billion and is headquartered in Toronto.
Newland oversees the development of the Nexton tract for North America Sekisui House LLC. NASH, a subsidiary of Japan’s largest homebuilder, bought the property in 2017 from paper maker WestRock Co.’s former real estate division for $90 million.
SUMMERVILLE, S.C. (WCSC) - The Nexton community in Summerville is planning to grow in 2021.The master-planned community has already brought new homes, restaurants, hotels, and businesses to the I-26 corridor.Nexton’s Vice President of Operations, Brent Gibadlo, says they are creating a community environment where individuals can thrive.“By making a genuine effort to understand the market and recognizing Nexton’s unique opportunity to positively impact our customers, we have created an ergonomic communit...
SUMMERVILLE, S.C. (WCSC) - The Nexton community in Summerville is planning to grow in 2021.
The master-planned community has already brought new homes, restaurants, hotels, and businesses to the I-26 corridor.
Nexton’s Vice President of Operations, Brent Gibadlo, says they are creating a community environment where individuals can thrive.
“By making a genuine effort to understand the market and recognizing Nexton’s unique opportunity to positively impact our customers, we have created an ergonomic community plan that applies thoughtful architecture, innovative design and social responsibility in order to optimize human well-being,” Gibadlo said.
Work is expected to begin on more than 500 new homes in Nexton within the next year. Developers hope that some of these homes will be completed by the Summer of 2022.
Developers say the first 250 homes in the Midtown development phase of Nexton are expected to be delivered in 2021.
The Lou Hammond Group says the Birmingham, Alabama-based Capstone Communities recently announced the introduction of 282 single-family, for-rent homes at Nexton. These rental homes are scheduled to be delivered in late 2021 and be completed in the Summer of 2022.
Another 100 lots by TrueHomes are planned for the North Creek neighborhood this year as well.
In February, the Lou Hammond Group says they plan to see the groundbreaking of the Midtown Club. It’s a swim and fitness center that will serve the Nexton Residential Association.
A full-service First Citizens Bank branch is expected to open at Nexton in late 2021. Construction recently began in January on the new bank.
Developers are also planning to break ground on “Downtown Nexton” this year. The downtown area of Nexton will be separate from the existing Nexton Square, where events like the Sounds on the Square have taken place. However, Downtown Nexton is expected to be located within walking distance of Nexton Sqaure.
Downtown Nexton is planned to be 100-acres and come between Brighton Park Boulevard and Sigma Drive.
More specifics will be shared soon on the downtown area, but initial plans show it will have a new gas station and offer multifamily community opportunities.
Copyright 2021 WCSC. All rights reserved.
The master-planned Nexton community will soon become a medical destination for Berkeley County.Medical University of South Carolina has proposed a $130 million hospital within the Summerville community. The 128-patient bed facility will include four operating rooms, eight labor and delivery rooms, diagnostic testing and imaging, and emergency services, M...
The master-planned Nexton community will soon become a medical destination for Berkeley County.
Medical University of South Carolina has proposed a $130 million hospital within the Summerville community. The 128-patient bed facility will include four operating rooms, eight labor and delivery rooms, diagnostic testing and imaging, and emergency services, MUSC Health Chief Strategy Officer Sarah Bacik said.
“A large percentage of our current patients originate from Berkeley County, and this is going to really allow our patients to have access within our communities,” Bacik said. “It’s not a surprise to anyone that the growth has outpaced some of the infrastructure.”
MUSC has asked the state for approval to build the community hospital through a certificate of need.
The build is expected to take two and a half years.
Nexton’s Vice President of Operations Brent Gibadlo said a hospital offers a service to the surrounding areas and residents because health care options have become a growing priority for homebuyers.
“There are certain basic things that are important for everyone that don’t change,” he said. “Certainly good schools if people have children and then good health care options. So having a world-class hospital in close proximity is always a wonderful compliment to a community."
Downtown Charleston’s MUSC campus will remain the hub for the educational hospital, while the Nexton campus will book end it with satellite campuses and ambulatory services in between, Bacik said.
“We’re full downtown, and we need to make sure that we can continue to have access to those more acute patients,” Bacik said. “It’s really about getting the patients the right level of care at the right place.”
The need for a community hospital in Berkeley County is critical, said Dr. Dave Zaas, CEO of the Charleston division of MUSC. The hospital’s co-location in Nexton will help with the area’s continued growth.
“That is a lot of our strategy not just in tri-county but around the state,” he said. “Not only delivering the highest quality ... but more convenient and ideally at a lower cost. I think that drives our ambulatory growth as well as our statewide strategy.”
Gibadlo said Nexton is just starting to explore the possibilities with MUSC and its idea of community health care, of being more proactive and going out into the community to initiate health and wellness programs. Preventative care could then decrease the need for hospital visits.
“We’ve had conversations with MUSC on how to incorporate some of those programs into Nexton,” Gibadlo said. “That’s everything from community gardens to community fitness programs to even potential opportunities for some of the coordination between MUSC and some of the companies at Nexton.”
Other suggestions include incorporating companies’ health care programs through MUSC and creating wellness programs employees can participate in.
Bacik is already excited for both caregivers and patients because she believes the best care is delivered conveniently to patients, many of whom come from across the state.
“A lot of our patients and staff travel to the peninsula today to receive care or to care for our patients ... so if they could receive care 30 minutes closer, that’s a benefit for the communities as well,” Bacik said.
Gibadlo is going on 13 years at Nexton and said there is has another 13 or 14 years left in the business plan. He still remembers those early years, though, sitting in a Welcome Center trailer praying that builders and homebuyers would think outside the box.
Convincing people to give Nexton a chance was hard a decade ago given the location.
Over time, Gibadlo has found that if he pushes the envelope to create value, the innovation is well-received.
“I think the potential for Nexton is really evolving continuously. What we used to think was possible we’ve exceeded now. Maybe we can take it another step,” he said. “A hospital was something we only dreamed about 10 years ago. Now that’s happening.”
Nexton now receives calls almost daily from groups, retailers and home builders who want to create something exciting at the community. Gibadlo said the biggest challenge is prioritizing. If he reacts to every call, he risks losing focus of the long-term vision that Nexton is systematically moving through.
“At the same time, you have to be flexible enough that if you get a call, like from MUSC, you change track a little bit because that’s a great opportunity,” he said.
A community with a master plan allowed Gibadlo and his team to be deliberate about adding a hospital. They could look at the map of the 5,000 acres to find a plot that was accessible, wouldn’t disrupt homeowners with traffic and had surrounding space for businesses the hospital could bring in. Gibadlo believes they will come.
As an educational institution, MUSC’s research and development could lead to job opportunities and potential spin-off businesses, he said.
Together, Gibadlo and his team’s vision for Nexton stem from a love for the region. He knows, however, that with any growth, there will inevitably be challenges. The objective then is to figure out how to make those obstacles positive.
“We look at it and say hey, we can create this employment center in the Charleston region, take some of the pressure off downtown, 526, everyone commuting and bring some of the great things that people love about this region from a quality of life and bring them to another location that can spread them out a little bit,” he said. “Maybe we can play a small role in helping this region continue to be a great place to live. At the heart of it, that’s what motivates us every day.”
Reach Teri Errico Griffis at 843-849-3144.
SUMMERVILLE — A pair of Mount Pleasant real estate investors plan to develop a mixed-use project of commercial and residential buildings not far from the new Nexton Parkway interchange on Interstate 26.Thomas Massey, of SUP Real Estate, and business partner Jason Ray, through an affiliate called CVEA Summerville I LLC, paid nearly $10 million for about 70 acres on four parcels along North Maple Street and Old Dairy Road.Massey and Ray started acquiring the land from different landowners in September 2020. They also have a...
SUMMERVILLE — A pair of Mount Pleasant real estate investors plan to develop a mixed-use project of commercial and residential buildings not far from the new Nexton Parkway interchange on Interstate 26.
Thomas Massey, of SUP Real Estate, and business partner Jason Ray, through an affiliate called CVEA Summerville I LLC, paid nearly $10 million for about 70 acres on four parcels along North Maple Street and Old Dairy Road.
Massey and Ray started acquiring the land from different landowners in September 2020. They also have a nearly 3-acre parcel under contract. The initials, CVEA, stand for the first letters of the first names of each of Ray’s four children.
The property sits just inside the Dorchester County line. About 50 acres were annexed into the town in 2020 under a mixed-use classification that allows a variety of structures, including retail, offices, single-family homes and apartments, Ray said.
The final piece of the planned development, a 21-acre parcel that straddles North Maple Street and abuts Robyn Wynn subdivision to the east, was recently acquired. It was annexed into the town in 2014.
The 73-acre site sits along the beginning of North Maple Street’s newly developed four lanes leading to Interstate 26. The property along the street between Old Dairy Road and Nexton Parkway interchange is currently undeveloped.
Massey and Ray say they plan to see the portion they recently acquired developed correctly.
“We are trying to do something nice and not have a strip mall after strip mall,” Massey said.
By the spring, Massey said a development plan for commercial buildings along the road and a mix of residential uses on the rest of the property will be presented to the town for its review.
Ray said he has been working to put the project together since 2018 and, with Massey’s help, started acquiring the parcels last fall.
He said land contracts took a while to negotiate and then the coronavirus set the project back as well, but he and Massey are now ready to move forward.
Ray said the proposed development is locally based, and he and Massey have a vested interest in making sure it’s in good taste.
“Our priority is to do things the right way and to listen to the people,” Ray said. “I feel like if we start there, everyone wins in the end. ... We are not just going to develop it and leave town.”
The next step is to get engineering work done for water, sewer and drainage before the project goes to the town’s Design Review Board for consideration.
BERKELEY COUNTY, S.C. – More housing options are coming to Nexton, the master-planned community in Summerville.Birmingham-based Capstone Communities announced details last week for the introduction of a low-density multifamily development at Nexton.The first homes of this 282-unit project are scheduled to be delivered in late 2021 with full completion expected in summer 2022.“Nexton’s partnership with Capstone comes as a...
BERKELEY COUNTY, S.C. – More housing options are coming to Nexton, the master-planned community in Summerville.
Birmingham-based Capstone Communities announced details last week for the introduction of a low-density multifamily development at Nexton.
The first homes of this 282-unit project are scheduled to be delivered in late 2021 with full completion expected in summer 2022.
“Nexton’s partnership with Capstone comes as a growing number of individuals and families are looking for new residential choices that fit their lifestyle. The Capstone development offers single-family rental homes in a suburban environment with amenities and services typically found in more urban settings, all of which are highly desirable right now,” said Nexton’s Vice President of Operations Brent Gibadlo in a news release.
Developed with a “new urbanism” style featuring sidewalks and pedestrian-friendly amenities, these cottage-style homes are built to primarily attract young professionals, empty nesters and those transitioning to the Charleston area looking to rent instead of buy. The community will feature a mix of one, two, and three-bedroom cottages, each with its own private, fenced yard, as well as studio lofts and two-story carriage units. Each unit will range from 650 to 1,350 square-feet.
“The homes provide future Nexton residents yet another new housing choice in the heart of a thriving commercial and medical corridor just a short drive, or walk, from residents’ front doors,” Gibadlo said.
Development owner Capstone Communities will manage and maintain the new Nexton community. The Nexton project will be Capstone’s second installment of its conventional cottage-style development program.
“This will be an attractive housing option for the area’s medical professionals, recent graduates and others who are in a life transitional phase – whether moving to a new city, preparing to eventually buy a home, or downsizing,” said John Acken, executive vice president of development for Capstone Communities.
The cottage-style homes in Nexton will feature open green spaces to host community events, courtyards with pavilions and barbeque stations, a central clubhouse and resort-style pool, state-of-the-art fitness center, dog park and electric car charging stations. The homes will offer nine to 12-foot ceilings, quartz countertops, wood-grain flooring, in-unit washers and dryers, a smart home technology package and will have 24/7 on-call maintenance and optional enclosed garage parking.
Occupying nearly 27 acres, The Capstone site is adjacent to a 20-acre county park and the planned MUSC Health Community Hospital at Nexton. MUSC employees who live in the Capstone homes will enjoy a short walk to work with access to the community’s expansive network of walking trails, parks and green spaces, according to the company.
Additionally, some of the region’s top employers are within a short commute of Nexton, including The Boeing Company, Volvo Cars and Mercedes-Benz Vans. As part of the Nexton community, all residents have access to a wide array of retail and dining offerings at Nexton Square including Halls Chophouse, Taco Boy, Poogan’s Southern Kitchen and Page’s Okra Grill.
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