546 Elm, LLC
Matteo and Merced Rapallini, the owners of 546 Elm, built their real estate development firm with a focus on community revitalization through environmentally friendly and socially conscious design. The Rapallinis believed Maryville, a historically African American Charleston community, was the perfect fit for Frameworks Court, their two-story, mixed-use commercial development. Despite the real estate development experience the Rapallinis had, Frameworks Court was considered a startup and the Rapallinis needed to find a lender who shared their commitment to neighborhood renewal in order to move the project forward.
South Carolina Community Loan Fund saw 546 Elm’s real estate development experience paired with a vision of equitable revitalization through economic opportunity, and knew this was an opportunity to partner with a borrower whose values aligned with their own. “Matteo & Merced have a love of development and a passion for the Maryville community that was evident from our first meeting with them. Frameworks Court is born out of that love and passion and will provide quality affordable office and commercial space to local small businesses. This project brings community-based commerce to a neighborhood where it is sorely needed,” said SCCLF Chief Lending Officer James Chatfield.
Frameworks Court is currently under construction, and once completed will house a restaurant, three retail spaces, and eight office spaces. The completed project will provide opportunities for a diverse group of small business owners to ply their trades, create jobs for local residents, and contribute to a vibrant local economy.