Grandbridge Finances Texas Retail Center

Published On: 09.25.14

HOUSTON — Grandbridge Real Estate Capital recently closed a first mortgage loan secured by Central Park Plaza shopping center in McKinney, Texas. The transaction was originated by Houston-based Gill Dolan. Funding for the 10-year, nonrecourse financing was arranged through ViewPoint Bank.

The asset was built in 1985 and was 80 percent occupied at the time of the funding. 

“The loan request required a sophisticated lender that understands the strength of the sponsorship as well as local knowledge of the Highway 75 expansion, which has an estimated completion of June 2015,” said Dolan.

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
www.grandbridge.com.