Grandbridge Finances $3.1 Million Anderson, S.C., Multifamily Community

Published On: 12.10.12

ATLANTA — Grandbridge Real Estate Capital recently closed a $3,100,000 first mortgage loan secured by Anderson Crossing Apartments, a 152-unit multifamily property in Anderson, S.C.  The refinance was originated by Atlanta-based Assistant Vice President Brad Walker.

Funding for the fixed rate loan was provided by Fannie Mae. The 10-year permanent loan features a 30-year amortization and market competitive interest rate.  “Grandbridge and Fannie Mae’s ability to provide an existing client with prepayment and capital replacement reserve flexibility at market competitive pricing showcases our dedication to providing tailor-made capital solutions to our multifamily customer base,” stated Walker.

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 more than $30 billion and represents approximately 100 capital providers. More information about the company is available at www.gbrecap.com.   

About BB&T

As of September 30, 2012, BB&T is one of the largest financial services holding companies in the U.S. with $182.0 billion in assets and market capitalization of $23.2 billion. Based in Winston-Salem, N.C., the company operates approximately 1,850 financial centers in 12 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. More information about BB&T and its full line of products and services is available at www.BBT.com.