Grandbridge Facilitates $11.95 Million Texas Seniors Housing Acquisition

Published On: 10.27.14

ATLANTA — The Atlanta-based Seniors Housing and Healthcare Finance team of Grandbridge Real Estate Capital recently closed an $11,950,000 permanent fixed rate loan secured by Dancing River of Grapevine. Funding for the acquisition was provided by BB&T Real Estate Funding, Grandbridge’s exclusive balance sheet lending platform, and featured a seven-year term and 30-year amortization with a two-year interest-only component.

“As a boutique investment group, we evaluate many deals and choose few. We do the same with our lenders. Grandbridge’s customer service levels exceed most. They are a structuring shop and take the time to understand our debt objectives for each community. The skills and knowledge of their teams have helped expand SilverStone’s platform and simplified our debt processes,” said Stephanie Anderson, Principal at SilverStone Health Care Real Estate.

Located in Dallas MSA, the 81-bed seniors housing community provides for aging in place with a mix of assisted living and memory care and of offers residents numerous amenities that include an on-site salon, spa with massage services, library, fitness classes, private dining room and additional common room amenities.

Senior Vice President Richard Thomas originated the transaction. Grandbridge's dedicated Seniors Housing and Healthcare Finance team offers construction, nonrecourse acquisition/bridge and permanent financing options to seniors housing owners nationwide. The team has nearly 60 years of combined seniors housing experience and has closed more than $5 billion in seniors housing loan, sales and advisory transactions in the past 10 years.

About Grandbridge Real Estate Capital LLC
Grandbridge Real Estate Capital arranges permanent commercial and multifamily real estate loans; services loan portfolios; and provides asset and portfolio management, as well as real estate brokerage services. With a current servicing portfolio of more than $28.58 billion Grandbridge represents approximately 100 capital providers.

Based in Charlotte, N.C., Grandbridge, a subsidiary of Branch Banking and Trust Company (BB&T), has a broad investor base which 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 health care lender. For more information about the company, visit
grandbridge.com.