At a glance
- The borrower is a joint venture of ECI Group and Central Realty Holdings, and Walker & Dunlop Capital Markets Real Estate Finance arranged the transaction, which IREI describes as cash-neutral.
- The 286-unit property, completed in 2021, has more than 248,000 square feet of apartments and 597 structured parking spaces.
- IREI's report does not disclose the prior debt, loan pricing, term or whether the loan is fixed or floating.
Canyon Partners Real Estate has provided a $48 million senior loan to refinance NorthPointe Apartments in Greenville, S.C., according to IREI. The borrower is a joint venture of ECI Group and Central Realty Holdings, and Walker & Dunlop Capital Markets Real Estate Finance arranged the transaction, which IREI describes as cash-neutral.
The 286-unit property, completed in 2021, has more than 248,000 square feet of apartments and 597 structured parking spaces. It includes two adjacent buildings and about 21,400 square feet of ground-floor retail, and sits roughly a mile north of downtown Greenville near Interstate 85. IREI's report does not disclose the prior debt, loan pricing, term or whether the loan is fixed or floating.
Reported by the Real estate debt desk from IREI. Published . Corrections