Source: Commercial Observer

Timbercreek: Timbercreek Provides $30M Bridge Loan to Recap Charlotte Office Building

Canadian commercial real estate investment firm Timbercreek Asset Management has provided $30.3 million in bridge financing to Grubb Properties for the recapitalization and lease-up of a recently-renovated office building in Charlotte, N.C., Commercial Observer has learned. The 42-month, floating-rate loan covers the recapitalization of a 10-story suburban office property called 1515 Montford Park, just south [...]

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Blair Tamblyn's photo - Co-Founder & CEO of Timbercreek Asset Management Inc.

Co-Founder & CEO

Blair Tamblyn

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Timbercreek provides managed, risk-averse investment opportunities for retail and institutional investors. Read more