Grubb Properties Secures $26 Million Bridge Loan From Bayview Commercial Mortgage In Chapel Hill

The property asset involved in this transaction is a mixed-use development located at 136 East Rosemary Street & 137 East Franklin Street in Chapel Hill, NC. It encompasses approximately 122,000 square feet and serves as Grubb Properties’ Innovation Hub.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $26,000,000
• Lender: Bayview Commercial Mortgage Finance
• Landlord: Grubb Properties
• Broker: Hal Kempson - Avison Young
• Loan Type: Bridge

The transaction features key individuals and companies involved, with Hal Kempson from Avison Young representing Grubb Properties in arranging the loan. The bridge loan was specifically obtained from Bayview Commercial Mortgage Finance to refinance the property.