Canyon Partners Real Estate Provides $48M Senior Loan to Refinance Class-A Multifamily Property in Greenville
Canyon Partners Real Estate Provides $48M Senior Loan to Refinance Class-A Multifamily Property in Greenville |
| [15-October-2026] |
Transaction underscores Canyon's continued focus on multifamily lending across the Southeast GREENVILLE, S.C., Oct. 15, 2026 /PRNewswire/ -- Canyon Partners Real Estate LLC ("Canyon") today announced that it has provided a $48 million senior loan to a joint venture between ECI Group ("ECI") and Central Realty Holdings ("CRH") for the cash-neutral refinancing of NorthPointe Apartments ("the Property"), a Class-A multifamily property in Greenville, SC. Walker & Dunlop Capital Markets Real Estate Finance arranged the transaction.
Developed by ECI and CRH and completed in 2021, NorthPointe Apartments comprises two adjacent multifamily buildings with 286 residential units spanning more than 248,000 square feet, nearly 21,400 square feet of ground floor retail space, and 597 structured parking spaces. The Property features a resort-style pool, 24-hour fitness center, and community room with a full kitchen and outdoor fireplaces. Residential interiors are finished with stainless steel appliances, granite countertops, and large walk-in closets, and many units offer private balconies overlooking downtown Greenville. The Property is located approximately one mile north of downtown Greenville, offering residents immediate walkability to grocery, dining, fitness, and service retail. NorthPointe also benefits from convenient access to downtown Greenville's employment base and major regional transportation corridors, including I-85, which connects Greenville to Charlotte and Atlanta. "NorthPointe stood out to us as an opportunity to lend against a high-quality asset that has performed well against a challenging supply backdrop," said Robin Potts, Chief Investment Officer of Canyon Partners Real Estate. "At Canyon, we remain focused on situations where strong sponsorship, durable property-level fundamentals, and an attractive basis come together to create compelling downside protection. NorthPointe checks each of those boxes and reinforces our conviction in multifamily assets within growing markets." The financing represents Canyon's fifth transaction with ECI, following its investments in properties Square One, ShoreCrest Club, Channel Club, and Shorecrest Club II. "Canyon has been a valued partner to ECI over the years, and we are pleased to work together again on the refinancing of NorthPointe," said Seth Greenberg, Chief Executive Officer at ECI Group. "The firm's flexible approach and understanding of our business make it a natural partner as we and our local Greenville joint venture partner, CRH, continue to execute our long-term plan for the property." "NorthPointe is a high-quality multifamily asset in one of the Southeast's most dynamic markets," said Justin Nelson, Senior Managing Director of Capital Markets Real Estate Finance at Walker & Dunlop. "The property's strong fundamentals, desirable location, and proximity to downtown Greenville made it an attractive financing opportunity. We were pleased to work alongside ECI Group, Central Realty Holdings, and Canyon Partners to structure a financing solution that supports a long-term vision for the property." Canyon has a strong history of providing debt and equity capital across the Southeast, capitalizing $7.6 billion of total projects across all asset types, and continues to pursue multifamily investment opportunities in primary and secondary markets throughout the United States. About Canyon Partners Real Estate LLC About ECI Group About Central Realty Holdings About Walker & Dunlop Media Contacts: ECI Group
SOURCE Canyon Partners LLC | ||
Company Codes: NYSE:WD |
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