GRANDBRIDGE FINANCES $17.7M MISSOURI MULTIFAMILY PROPERTY

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SPRINGFIELD, MO. — Grandbridge Real Estate Capital has closed a $17.7 million mortgage loan secured by Weaver Creek Apartments, a 254-unit multifamily property in Springfield. Frank Sciara, a vice president at Grandbridge Kansas City’s office, originated the refinance. Funding for the fixed rate loan was provided through one of Grandbridge’s CMBS investors. The 10-year loan includes a 25-year amortization schedule and one year of interest-only payments. Property amenities include a swimming pool, fitness center, business center and game room.

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