Grandbridge Facilitates $170+ Million Multi-State Multifamily Portfolio

Published On: 08.10.16

6-prop MF portfolio - J Segrest

Grandbridge Real Estate Capital recently closed $170,036,500 in permanent, first mortgage loans secured by six multifamily properties.

Funding for the fixed rate refinances was arranged through Fannie Mae’s Delegated Underwriting and Servicing (DUS®) multifamily loan product. The nonrecourse loans were originated by Birmingham, Ala.-based Senior Vice President John Segrest. Each loan featured an initial period of interest-only, a 12-year term and 30-year amortization; closing with interest rates in the mid three percent range.

“The professionals involved in every aspect of these transactions understood our client’s objectives, the DUS process and the steps necessary to accomplish approval and closing,” Segrest said.

Left to Right:                

Eagle Rock Village Apartments $19,500,000 | 352 Units | Wichita, Kansas 

Fairways at Piper Glen Apartments $32,550,000 | 336 Units | Charlotte, North Carolina

Roper Mountain Woods I & II Apartments $23,447,900 | 400 Units | Greenville, South Carolina

Stoneledge Plantation Apartments $20,325,000 | 320 Units | Greenville, South Carolina

Warson Village Apartments $13,613,600 | 162 Units | Creve Coeur (St. Louis), Missouri

Waterford Square Apartments $60,600,000 | 694 Units | Charlotte, North Carolina

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 $29.7 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.

About BB&T
As of June 30, 2016, BB&T is one of the largest financial services holding companies in the U.S. with $221.9 billion in assets and market capitalization of $29.0 billion. Based in Winston-Salem, N.C., the company operates 2,249 financial centers in 15 states and Washington, D.C., and offers a full range of consumer and commercial banking, securities brokerage, asset management, mortgage and insurance products and services. A Fortune 500 company, BB&T is consistently recognized for outstanding client satisfaction by the U.S. Small Business Administration, Greenwich Associates and others. More information about BB&T and its full line of products and services is available at BBT.com.