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MOUNT PLEASANT, S.C. — Grandbridge Real Estate Capital has closed a $26.8 million first-mortgage loan for Gregorie Ferry Landing Apartments, a proposed 240-unit property located in Mount Pleasant. The 40-year construction and development loan has a 40-year amortization schedule. The loan was funded through FHA's 221(d)(4) loan product and was originated by Mike Ortlip and Josh Davis of Grandbridge's Charlotte, N.C., office. The complex is part of a planned 23-acre, mixed-use development.