Minneapolis-based Senior Vice President Tony Carlson and Analyst William Perry recently closed a $6,200,000 permanent rate refinance loan secured by a multifamily portfolio in various cities around the Minneapolis area.
“Grandbridge worked with a very strong repeat sponsor to coordinate this multiple property refinance to achieve a low interest rate, cash out, and long-term fixed-rate financing objectives. The loan was funded by the existing lender, which provided certainty of execution and saved on transaction costs,” stated Carlson.
About Grandbridge Real Estate Capital LLC
Headquartered in Charlotte, N.C., Grandbridge Real Estate Capital, a subsidiary of Truist Bank, arranges permanent commercial and multifamily real estate loans; services loan portfolios; provides investment sales and brokerage within select asset classes, including senior housing; and provides asset and portfolio management through its broad investor base that includes insurance companies, CMBS investors, pension fund advisors, commercial banks and capital markets investors, as well as its proprietary lending platform. The company is a Freddie Mac Optigo® Conventional Multifamily, Seniors Housing and Targeted Affordable Housing lender, a Fannie Mae DUS® lender, and an approved FHA MAP and LEAN healthcare lender.
With a current servicing portfolio of $39 billion, Grandbridge, an S&P strong rated servicer, services loan portfolios and provides asset and portfolio management nationwide for all capital providers including Freddie Mac, Fannie Mae, Ginnie Mae, insurance companies, banks and more than 350 securitizations. More information about Grandbridge and its full line of products and services is available at Grandbridge.com.
