ECI Group and Central Realty Refinance NorthPointe
The developers secured a $48 million senior loan for the Greenville multifamily and retail property.
Updated on Oct. 15, 2026 in Commercial
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ECI Group and Central Realty Holdings have successfully secured a $48 million senior loan for the NorthPointe Apartments in Greenville. The transaction functions as a cash-neutral refinance for the class A property.
Why it matters
Securing long-term financing for recent developments allows property owners to stabilize capital structures while maintaining their current operational strategy. This move ensures the continued management of the mixed-use site by the existing joint venture partners.
The property includes 286 residential units and 21,400 square feet of retail space. The site features 597 structured parking spaces and is located 1 mile from downtown Greenville.
The players
ECI Group
ECI Group is a real estate development and investment firm specializing in the acquisition and management of multifamily residential properties.
Central Realty Holdings
Central Realty Holdings is a real estate investment and management company that focuses on developing and operating mixed-use and commercial assets.
The details
The loan covers the NorthPointe Apartments complex, a 248,000-square-foot facility that finished construction in 2021. The joint venture partners maintain control of both the residential and retail components under this new financing agreement.
Timeline
2021: NorthPointe Apartments completed construction.
Market Landscape
This refinancing reflects a broader industry push to stabilize high-end residential assets developed during the post-pandemic construction boom. It positions ECI Group and Central Realty Holdings to maintain long-term control of premium mixed-use inventory amid regional market growth.
Residents and commercial tenants at NorthPointe Apartments should expect no changes to their lease terms or building management due to this cash-neutral refinance. The status quo remains in place for current occupants of both the residential units and the ground-floor retail spaces.
The takeaway
Commercial developers often use refinancing to optimize their debt structure without disrupting day-to-day operations at a property. This strategy provides stability for both the owners and the tenants by keeping the asset’s management consistent over time.
Further reading
For more on local market activity, visit the Greenville Commercial section.
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