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.

Tags | , , , ,

© 2017 Real Estate Communications Group. Duplication or reproduction of this article not permitted without authorization from the Real Estate Publishing Group. For information on reprint or electronic pdf of this article contact Mark Menzies at 312-644-4610 or

Leave a Reply