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Grandbridge Provides $9.3M Loan for Refinancing of Apartment Community in Tyler, Texas

Ashton-Apartments-Tyler-Texas

The Ashton Apartments in Tyler totals 100 units. The property was built in 1979.

TYLER, TEXAS — Grandbridge Real Estate Capital has provided a $9.3 million Freddie Mac loan for the refinancing of The Ashton, a 160-unit apartment community in Tyler, about 100 miles east of Dallas. The property was built in 1979 and offers one-, two- and three-bedroom units. Paul Harbor of Grandbridge originated the loan, which was structured with a fixed interest rate, 10-year term and 10 years of interest-only payments.

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