
JLL Arranges $22M Loan for SC Apartments
JLL Capital Markets has arranged the $21.8 million bridge financing for Granby Oaks Apartments, a 148-unit, garden-style community in West Columbia, SC.
JLL represented the sponsor, PAM Associates LLC, to secure the two-year, floating-rate loan through MF1 Capital, LLC.
Built in 1973, the property features one, two- and three-bedroom units across 21 buildings that are currently being renovated. Updates include flooring, new vanities, granite countertops, stainless steel appliances, washers/dryers and hookups, updating trim, repainting, kitchen cabinet upgrades and new subway tiles backsplashes. Community amenities include dining room, clubhouse, laundry facility, courtyard, and swimming pool.
Located at 800 State St., Granby Oaks is situated directly west of downtown Columbia and offers residents easy access to shopping, dining and entertainment options.
The JLL Capital Markets Debt Advisory team was led by Senior Director Thomas E. Didio Jr., Directors Gerard Quinn and Ward Smith and Analyst Michael Mataras.
- ◦Sale/Acquisition