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Financing Available
 

Classic Auction - Multifamily

Grove Station Apartments

1 Lakeside Road, Greenville, SC 29611

  • Asset Type
  • Real Estate
  • Property Type
  • Multifamily
  • Land Area
  • 32.02 Acres
  • Year Built
  • 1974
  • Number of Floors
  • 2
  • Number of Buildings
  • 25
  • Parking Count
  • 546
  • Occupancy
  • 63.64%
  • Occupancy as of
  • Jul 31, 2017

Grove Station Apartments

RealINSIGHT Marketplace in conjunction Marcus and Millichap, is pleased to exclusively offer for sale Grove Station Apartments in Greenville, SC.  Located in one of the country's fastest growing economic regions, Grove Station represents an exciting and unique opportunity to increase value through stabilization of the asset, improving operational efficiencies and bringing 97 down units on-line at current market rents.  Organic rent growth and a strategic capital improvement plan to capture tenant demand within the submarket further add to the attractiveness of this long-term investment opportunity.  Situated on over 32.0 acres, the park-like community offers convenient access to shopping, entertainment, economic generators and Greenville’s Central Business District.

Scheduled Property Tours:

  • September 7th
  • September 13th
  • September 21st
     

Auctioneer 
Lamar Paul Fisher License No.: 3981
Auction Business License: 3996

Grove Station 

Since 2007, Capstone Capital has closed over 150 commercial loans totaling over $1.6 billion in loan volume. With offices in Nashville, TN, Tampa, FL and Fayetteville, NC, we close loans for a variety of commercial real estate assets throughout the Southeast and Mid Atlantic. We put our best resources in competition to secure the best terms and maximum loan amounts for our clients. We prides ourselves on being thorough, involved, and taking the pressure off of our clients. Our loan packages get prompt attention from lenders because they’re detailed and transparent, ensuring a smooth, no-surprises process for all. Due to this model, 80% of our business is repeat customers. To learn more please visit www.cscap.us.

 

We are pleased to offer Seller Approved Financing Options

  • Local/Regional Bank, fixed rate, recourse
  • Bridge Financing, funding 70%-80% of acquisition cost plus 100% of Capital Improvements, floating rate over LIBOR, nonrecourse
  • Permanent bridge loan exit offered by select Agency lenders that have a bridge platform

Benefits include:

  • Lender access to property to conduct Lender Inspections & Third Party Reports
  • Capital markets knowledge spanning a variety of real estate asset classes and loan programs
  • Development of creative financing strategies
  • Long established relationships with agencies, CMBS shops, bridge lenders, investment banks, domestic banks, and insurance companies
  • Provide clients with the most competitive terms and most reliable executions. You’ll have a team of analysts to assist with filling out due diligence paperwork.
  • Call the Debt Placement Broker as soon as possible to learn about other benefits

How do you receive these benefits?

Contact the Debt Placement Broker (now)

Complete Finance Pre-Screening (before auction)

Complete Debt Placement Agreement (before auction)

Complete Bid Registration Process (before auction)

Win Auction

Fulfill lender checklist

Close Loan

Disclaimer: The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions.

Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace, (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property.

You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.

Platform Fee

Platform fee for this transaction is 5.00% or a minimum of $25,000.

Need Help?

Have questions about Marketplace? You can reach us at 800.915.7015 or info@rimarketplace.com.