Grandbridge Facilitates $8.99 Million Seniors Housing Refinance

Published On: 10.31.14

ATLANTA — The Atlanta-based Seniors Housing and Healthcare Finance team of Grandbridge Real Estate Capital recently closed an $8,995,000 permanent fixed rate loan secured by Woodland Terrace at the Oaks. Funding for the refinance was provided by BB&T Real Estate Funding, Grandbridge’s exclusive balance sheet lending platform, and featured a 10-year term and 30-year amortization with a three-year interest-only component.

“Grandbridge’s interim financing allowed us to reposition this property to add a memory care program, lease up, and stabilize the property. The Grandbridge team then presented us with attractive permanent financing options once the property stabilized. This ‘one stop shopping’ resulted in a highly effective and efficient solution for Sentio,” said John Mark Ramsey, President of Sentio Healthcare Properties, Inc.

Located in Allentown, Pa., the 84-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 a 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.