Grandbridge Finances $17.5 Million Nashville Hospitality Acquisition

Published On: 08.10.16

Aloft Nashville-Cool SpringsRALEIGH, N.C. — Grandbridge Real Estate Capital recently closed a $17,520,000 permanent first mortgage loan secured by the Aloft Nashville-Cool Springs, a 143-room hospitality property in the heart of Franklin, Tennessee’s Cool Springs area within the Nashville MSA.

Raleigh, N.C.-based Senior Vice President Gordon White originated the nonrecourse loan. Funding for the acquisition was arranged through one of Grandbridge’s CMBS correspondent lenders. The loan featured an initial period of interest-only and a five-year term. 

Amenities of the upscale, pet-friendly property include the xyz bar, re:mix lounge, re:charge fitness center/gym, an indoor pool, WiFi and numerous guest-centric services. 

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 Multifamily Approved Seller/Servicer for Conventional and Seniors Housing, 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.

About BB&T

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.