Grandbridge Facilitates $10.82 Million Self-Storage Refinance

Published On: 11.12.15

COLUMBUS, OHIO – Grandbridge Real Estate Capital recently closed a $10,825,000 first mortgage loan secured by two self-storage properties located in Asbury, N.J. (400 units) and Florida City, Fla., (591 units).

The refinance transaction, originated by Grandbridge Columbus, Ohio-based Vice President Doug Brooks, was funded through one of Grandbridge’s CMBS relationships and featured 36 months of interest-only, a 10-year term and 30-year amortization.

About Grandbridge Real Estate Capital LLC
Headquartered in Charlotte, N.C., Grandbridge Real Estate Capital, a subsidiary of Branch Banking and Trust Company (BB&T), arranges permanent commercial and multifamily real estate loans; services loan portfolios; 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, BB&T Real Estate Funding. The company is a Fannie Mae DUS® lender, a Freddie Mac Program Plus® Seller/Servicer, and an approved FHA MAP and LEAN healthcare lender.

With a current servicing portfolio of more than $29 billion, Grandbridge, an S&P “Strong” rated servicer, services loan portfolios and provides asset and portfolio management nationwide for all capital providers including Fannie Mae, Freddie Mac, Ginnie Mae, insurance companies, banks and more than 250 securitizations. For more information about Grandbridge, visit Grandbridge.com.