REBusinessOnline

Grandbridge Arranges $14.5M Refinancing for Multifamily Community in Delaware

WILMINGTON, DEL. — Grandbridge Real Estate Capital has arranged a $14.5 million refinancing of Brandywine Apartments, a 444-unit multifamily community in Wilmington. Built in 1978, Brandywine Apartments is made up of 37, three-story, garden-style apartment buildings on 25 acres. Grandbridge arranged a 20-year, fully amortizing loan through a life insurance company for the undisclosed borrower.

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