Robin Potts Of Canyon Partners Provides $48 Million Loan For NorthPointe Apartments In Greenville SC

The transaction involves NorthPointe Apartments, a multifamily property located at 503 East Stone Avenue in Greenville, SC. The asset is characterized by its total square footage of 269,400, comprising 286 residential units. The transaction is supported by a loan amount of $48,000,000, categorized as a senior loan.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $48,000,000
• Address: 503 East Stone Avenue
• Market: Greenville, SC
• Asset Size: 269,400 SF
• Units: 286
• Lender: Robin Potts - Canyon Partners Real Estate
• Landlord: Seth Greenberg - ECI Group; Central Realty Holdings
• Broker: Justin Nelson - Walker & Dunlop

This transaction was facilitated by Baker & Dunlop's involvement in arranging the financing for the property. The loan provided by Canyon Partners was specifically intended to refinance the multifamily property developed through a partnership between ECI Group and Central Realty Holdings.