Grandbridge Provides $10.8M Loan for Refinancing of Apartment Complex in Tyler, Texas

Chelsea Creek Apartments in Tyler totals 180 units. The property was built in 1978.

TYLER, TEXAS — Grandbridge Real Estate Capital has provided a $10.8 million Freddie Mac loan for the refinancing of Chelsea Creek, a 180-unit apartment complex in Tyler, located about 100 miles east of Dallas. Units at the property, which was built in 1978, feature walk-in closets, individual washers and dryers and patios or balconies. Amenities include a pool, fitness center, business center and a resident clubhouse. Paul Harbor of Grandbridge originated the loan, which carries a 10-year term and a 30-year amortization schedule, on behalf of the undisclosed borrower.