Canyon Partners provides $48 million senior loan for Greenville apartment refinancing
Walker & Dunlop arranged the cash-neutral refinancing of the 286-unit NorthPointe Apartments, per IREI.
At a glance
Canyon Partners Real Estate has provided a $48 million senior loan to refinance NorthPointe Apartments in Greenville, S.C., according to IREI.
The 286-unit property, completed in 2021, has more than 248,000 square feet of apartments and 597 structured parking spaces.
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.
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