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Last Updated ( Friday, 11 July 2014 19:03 )
DATE_FORMAT_LC2=Friday,July 11 2014 12:00:00 am EDT   
Grandbridge Arranges $9 Million Loan for Shopping Center in Asheville

Asheville, N.C. – Grandbridge Real Estate Capital has brokered a $9 million first mortgage loan for Pinnacle Pointe Shopping Center in Asheville. The loan was secured by a 15-acre site that is home to a to-be-built Publix grocery store and freestanding Chipotle Mexican Grill. Publix and Chipotle will complement the existing tenants, Hardee's and Chick-fil-A. Charlotte-based vice president Chris Calson arranged the nine-month forward-facing commitment. Funding for the fixed-rate loan was provided through one of Grandbridge's lenders. CJ Webb of the Grandbridge Charlotte office assisted in the transaction.

 Scott Reid





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