Grandbridge Finances $21 Million Georgia Multifamily Community

Published On: 10.02.14

ATLANTA — Grandbridge Real Estate Capital recently closed a $21,000,000 first mortgage loan secured by Park at Johns Creek, a 215-unit multifamily community in Johns Creek, Ga. The acquisition loan was originated by Atlanta-based Senior Vice President Alan Tapie and Assistant Vice President Thomas Wiedeman. Funding for the permanent loan was provided through one of Grandbridge’s balance sheet lenders and featured a seven-year term, 30-year amortization and a two-year interest-only component.

“The borrower was seeking a fixed rate loan with prepayment flexibility during the second half of the loan term. Grandbridge secured a seven-year fixed rate loan that provided the borrower with an attractive interest rate as well as partial interest-only and a very flexible prepayment structure,” said Tapie.

Property amenities include a salt water pool, 24/7 fitness center, yoga studio, herb garden, bocce ball court, library, business center and chef demonstration kitchen.

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 $28.5 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 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. More information about the company is available at www.grandbridge.com.