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December 23, 2021
DePaul Real Estate Advisors is pleased to announce the successful refinancing of Bridge Center, a six-building portfolio located in Bluffton, South Carolina.Â Paul DeCrescentis and Jarod Pate at DePaul Real Estate Advisors represented the ownership, a private family office real estate owner. DePaul has worked with the lender to close several loans including this one, a non-recourse loan for $6,000,000 with a substantial â€œcash-outâ€ recapture of equity. The interest rate is 3.65% fixed for 7 years.
Bridge Center is six-building portfolio comprised of 83,937 square feet on 6.97 acres of land. The property features strong historic occupancy and tenant retention. The tenant mix consists of Fitness, Retail, Restaurant, Office, and Medical. It is located at the foot of the only bridge on to Hilton Head Island, home to an internationally recognized luxury resort.
DePaul Real Estate Advisors is a Denver-based brokerage and investment firm serving investors in commercial real estate and businesses that occupy commercial real estate.Â DePaulâ€™s businesses include asset sales, leasing, arranging senior secured debt, mezzanine debt, preferred equity and joint venture equity for existing and to-be-built projects.Â For more information, please contact Paul DeCrescentis at (303)333-9799 or Jarod Pate at (720)881-2727.