Updated Oct 29, 2024
JLL Capital Markets Secures $21.8M Bridge Financing For Granby Oaks Apartments
800 State Street West Columbia, SC 29169, USA
$21,800,000
Units
148
Asset Type
MultiFamily
Closing
Aug 30, 2023
About this deal
AI
JLL Capital Markets has arranged $21.8 million in bridge financing for Granby Oaks Apartments, a 148-unit multifamily apartment community located at 800 State Street in West Columbia, South Carolina. The property is owned by PAM Associates LLC.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $21,800,000
- Units: 148
- Lender: MF1 Capital
- Brokers: Edward Smith, Gerard Quinn, Michael Mataras, Thomas E. Didio Jr - JLL
The loan, secured by JLL Capital Markets, will provide bridge financing for the Granby Oaks Apartments. The apartment community is situated in the West Columbia market, offering a prime location for residents. The financing arrangement was facilitated by the brokers Edward Smith, Gerard Quinn, Michael Mataras, and Thomas E. Didio Jr from JLL.
Players
Santa MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
Loading comparables…
Deal FAQ
Visit Gerard Quinn to view all their deals.
Browse Santa multifamily loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.73%
Cash-on-Cash
-0.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93