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Loan Arranged for Hollywood Retail Property

HOLLYWOOD, FL—Grandbridge Capital provided a $13-million first mortgage for Sterling Square.

By David Phillips | davidphillips | Updated on April 28, 2016

HOLLYWOOD, FL—Grandbridge Real Estate Capital recently closed a $13-million first mortgage loan secured by Stirling Square, a 95,000-square -foot retail center here.

Stirling Square is a 95,000 square foot retail center anchored by Walgreens and Bank of America. Stirling Square is a 95,000 square foot retail center anchored by Walgreens and Bank of America.

“The borrower was able to lock in the 10-year fixed interest rate six months in advance of closing, when rates were lower,” said Miami-based SVP Philip Carroll who originated the transaction for Grandbridge.

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