Grandbridge Facilitates $31.82 Million in Multifamily Refinances

Published On: 05.09.16

Jacksonville, Fla. – Grandbridge Real Estate Capital recently closed $31,825,000 in first mortgage loans secured by four multifamily properties. Jacksonville, Fla.-based Senior Vice President Taylor Williams and Assistant Vice President James Hoggatt originated the refinance transactions.

“Grandbridge arranged funding of the permanent loans through Freddie Mac's Capital Markets ExecutionSM (CME) multifamily loan product, enabling us to structure the nonrecourse loans with an initial period of interest-only, 10-year terms and 30-year amortizations,” stated Williams. “In order to eliminate interest rate risk, the borrowers chose Freddie Mac’s Early Rate-Lock option on all four transactions.”