Grandbridge Real Estate Capital closes $3 million loan for apartment complex in Missouri

January 28, 2013  |  Staff Writer  |  Print Article  |  Email this Article

Grandbridge Real Estate Capital recently originated and closed a $3.15 million first mortgage loan secured by Park Place Apartments, a 153-unit affordable-housing community in Springfield, Mo.

The 10-year permanent loan features a 25-year amortization and closed with an interest rate of 3.98 percent.

Alan Tapie, a senior vice president with Grandbridge, closed the loan.

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