REBusinessOnline

Grandbridge Arranges $8.6M Refinancing for Apartment Property in Columbus, Ohio

COLUMBUS, OHIO — Grandbridge Real Estate Capital has arranged an $8.6 million loan for the refinancing of The Diplomat in Columbus. The property includes 34 apartment units and four retail units. The apartments include stainless steel appliances, quartz countertops, gas ranges and washer/dryer hookups. Craig Kegg and Ted Schmidt of Grandbridge arranged the fixed-rate loan through Grandbridge’s proprietary lending platform, BB&T Real Estate Funding. The 10-year loan features a 30-year amortization schedule.

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