381
PLAINSBORO, N.J. — Grandbridge Real Estate Capital has arranged a $61 million first mortgage loan for Ravens Crest Apartments, a 704-unit community in Plainsboro. Mike Ortlip of Grandbridge originated the acquisition financing through Fannie Mae. Built in 1985, the apartment community includes 37 buildings on 40 acres. Amenities include an outdoor swimming pool, playground, tennis courts and a jogging trail.