Grandbridge Finances $5.4 Million Georgia Enclosed Mall

Published On: 11.08.13

ATLANTA — Grandbridge Real Estate Capital recently closed a $5,400,000 first mortgage loan secured by Global Mall, an 185,000 square foot South Asian mall in Norcross, Ga. 

The refinance transaction was originated by Atlanta-based Brad Walker.  Funding for the loan was provided by a life insurance company and featured a 10-year term and 20-year amortization.

“The ability to offer a long-term, fixed rate at historically attractive pricing on a non-traditional asset allowed Grandbridge to meet the borrower’s investment objectives,” 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 Freddie Mac Program Plus® Seller/Servicer, Fannie Mae Delegated Underwriting and Servicing (DUS®) lender 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 www.grandbridge.com.    

About BB&T
As of September 30, 2013, BB&T is one of the largest financial services holding companies in the U.S. with $181.1 billion in assets and market capitalization of $23.8 billion. Based in Winston-Salem, N.C., the company operates 1,824 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. A Fortune 500 company, BB&T is consistently recognized for outstanding client satisfaction by J.D. Power and Associates, 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 www.bbt.com.