May
03

Grandbridge Greenville Recent Closing

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Grandbridge LogoGrandbridge Real Estate Capital recently closed a $23,000,000 first mortgage loan secured by Azul at Baldwin Park, a 178-unit Class A luxury multifamily community in Orlando, Fla.

Greenville, S.C.-based Senior Vice Presidents Bill Mattice and Phillip Cox originated the refinance transaction, a joint venture between Jefferson Apartment Group and Pacolet Milliken Enterprises, Inc.

Funding for the transaction was obtained through one of Grandbridge’s insurance company correspondent relationships and featured five years of interest-only and a five-year term.

“The luxury, resort-style property is located within Baldwin Park, an 1,100-acre Orlando development which is home to 8,000 residents, more than 125 businesses and over 200 acres of parks and lakes. Azul at Baldwin Park features an urban pool and spa, cyber café, business center, clubroom and fitness center,” Mattice said.

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