JLL Capital Markets has arranged a $21.8 million bridge financing for Granby Oaks Apartments, a 148-unit garden-style community located in West Columbia, SC. Representing the sponsor PAM Associates LLC, JLL secured the two-year floating rate loan through MF1 Capital LLC.
Built in 1973 and currently undergoing renovations to include new flooring, vanities and granite countertops as well as stainless steel appliances with washers/dryers and hookups; trim updates; repainting; kitchen cabinet upgrades; subway tile backsplashes – Granby Oaks offers residents access to dining room facilities, clubhouse amenities such as laundry facility courtyard area and swimming pool. Situated directly west of downtown Columbia at 800 State St., this property provides easy access to shopping centers, restaurants & entertainment options nearby.
The JLL Capital Markets Debt Advisory team was led by Senior Director Thomas E Didio Jr., Directors Gerard Quinn & Ward Smith along with Analyst Michael Mataras who successfully completed this transaction on behalf of their clientele .
