Grandbridge Finances $3 Million Minnesota Office/Warehouse Property

Published On: 09.16.14

Grandbridge Real Estate Capital recently closed a $3,000,000 first mortgage refinance secured by a 77,000 square foot office/warehouse property in Roseville, Minn. This acquisition financing was originated by Minneapolis-based Tony Carlson

Funding for the loan was provided through one of Grandbridge’s correspondent life insurance companies. The transaction featured a 15-year term and 15-year amortization, and closed with a competitive fixed interest rate. The loan required no personal guaranty and allowed the borrower to refinance his existing debt as planned and take advantage of today’s aggressive financing availability. 

“Grandbridge successfully worked with the borrower to structure a transaction that met the borrower’s specific needs.  This successful working relationship enabled Grandbridge to meet our first-time client’s objectives and fund the loan on time,” explained Carlson.                                  

About Grandbridge Real Estate Capital LLC
Charlotte, N.C.-based 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. Grandbridge arranges permanent commercial and multifamily real estate loans; services loan portfolios; and provides asset and portfolio management, as well as real estate brokerage services. Grandbridge has a current servicing portfolio of almost $30 billion and represents approximately 100 capital providers. More information about the company is available at
grandbridge.com.