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Hilton Head, S.C. — Grandbridge Real Estate Capital has closed a $38 million loan for the refinancing of Shelter Cove Towne Centre, a 271,721-square-foot lifestyle and grocery-anchored shopping center in Hilton Head.
Bill Mattice and Phillip Cox of Grandbridge originated the 10-year loan through New York Life on behalf of the borrower, Southeastern Development Associates. The loan features two years of interest-only payments and a 30-year amortization schedule.