Grandbridge Finds $72M Loan for Paradise Island

JACKSONVILLE, FL-Grandbridge Real Estate Capital has secured a $72-million first-mortgage loan for Paradise Island, a multi-structure rental community consisting of 1,112 units in Jacksonville, Florida.

By GlobeSt News Hub | October 10, 2011 at 01:01 AM

Grandbridge arranged the 7-year refinance loan, which comes with a 30-year amortization schedule and low 4% interest rate, through the medium of Freddie Mac's Capital Markets Execution product. Paradise Island was constructed between 1990 and 1999. For the full story, go to Commercial Property Executive .

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