GRS | Corteq Provides Services on a $19M Apartment Portfolio Freddie Mac Small Balance Refinance
GRS | Corteq provided assessment services on an $18.5 million financing of a five apartment property portfolio in North Carolina and Georgia. Red Mortgage Capital, LLC funded the five Freddie Mac Small Balance loan transactions.
The properties included:
Village Square Apartments in Monroe, N.C., 25 miles southeast of Charlotte
Parkway Apartments in Winston-Salem, N.C., 80 miles northeast of Charlotte
Colonial House Apartments in Hickory, N.C. 55 miles north of Charlotte
The Meadows at Edgemont in Gastonia, 22 miles west of Charlotte, and
Fairway Village Apartments in Augusta, Ga.
GRS | Corteq services included specialized Freddie Mac Small Loan Combo engineering reports. Additional services included site-specific sampling. GRS | Corteq director, Jeff Coyne, spearheaded the services package on behalf of Red Mortgage Capital.