Greenbridge gets Fannie Mae Financing Approval
Chapel Hill Luxury Condos Now Offering Conventional Financing Option
To Qualified Buyers With Only A 5 Percent Down Payment
CHAPEL HILL, N.C., Sept. 16, 2013 – Greenbridge Condominiums, Chapel Hill’s newest energy-efficient luxury condos, has announced it now offers financing through Fannie Mae and potential homeowners can qualify for conventional financing with just a 5 percent down payment. As a result, Greenbridge, which is 67 percent sold, expects an accelerated sales pace as it approaches project sell-out. Prior to securing Fannie Mae financing approval, Greenbridge closed on 30 homes within the last 12 months.
Under the current ownership of SMA Greenbridge Owner LLC, a joint venture between Square Mile Capital Management and Invesco, the condominium sales effort has gained significant traction, with 65 of 97 total homes purchased. The company expects to sell the remaining 32 homes within the next twelve months. Among the available condominium inventory, one-bedroom floor plans are for sale in the low $200s, two bedrooms in the low $300s and three bedrooms in the high $500s.
In addition to successful residential sales, Greenbridge has successfully leased the entire second floor of commercial space and is working to populate the first floor with local businesses like its newest addition, a 1,300-square-foot eco-friendly hair salon, To The Woods. Currently, businesses located at Greenbridge include:
- The Southern Environmental Law Center, a regional nonprofit using the power of the law to protect the health and environment of the southeastern United States
- Caravela Coffee, a green coffee importer
- Newfangled, a web development company
- Integrify, a provider of process and workflow management software
- To the Woods, a hair salon
Conveniently located near some of the Triangle’s up-and-coming restaurants and businesses, Greenbridge Condominiums features 97 uniquely designed one-, two- and three-bedroom residences. An energy-efficient development, Greenbridge offers three green rooftops, solar and thermal heated water, LED recessed lighting and high performance recycled glass floor to ceiling windows. Additional amenities include the Sky Lounge, media center, concierge and parking.
For more information on Greenbridge’s available condominiums and Fannie Mae approved financing, contact the sales team at (919) 904-7422, or visit the Live Here Lounge™ located on the ground floor of Greenbridge Condominiums.
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ABOUT GREENBRIDGE CONDOMINIUMS:
Greenbridge Condominiums brings modern living and convenience to the natural beauty of North Carolina. Centered between the cool and eclectic neighborhoods of Chapel Hill and Carrboro at 601 W. Rosemary St., Greenbridge Condominiums features 97 uniquely designed one-, two- and three-bedroom residences that are perfect for active adults, students or the savvy investor. An energy-efficient development, Greenbridge offers three green rooftops, solar and thermal heated water, LED recessed lighting and high performance recycled glass floor to ceiling windows. Additional amenities include the sky lounge, media center and concierge and parking.