Grandbridge Funds $12 Million Portland, Ore., Seniors Housing Community

Published On: 02.14.17

Hawthorne GardensGrandbridge Real Estate Capital’s Seniors Housing and Healthcare Finance Group recently facilitated the closing of a $12,000,000 first mortgage loan secured by Hawthorne Gardens, a 58-unit seniors housing community in Portland, Ore. The loan, originated by Senior Vice President Richard Thomas and Vice President Meredith Davis, was funded through BB&T Real Estate Funding’s (BBTREF) Structured Loan Product.

“Grandbridge worked closely with us to structure an attractive financing solution for this complex transaction,” said Curt Schaller, Principal of Focus Healthcare Partners. “Grandbridge has now facilitated the financing of nine of our senior housing properties and has consistently delivered for us.”

Grandbridge's dedicated Seniors Housing and Healthcare Finance team offers construction, nonrecourse acquisition/bridge and permanent financing options to seniors housing owners nationwide. Combined, the team has nearly 60 years of industry experience and has closed more than $6 billion in seniors housing transactions since 2003.

About Grandbridge Real Estate Capital LLC

Headquartered in Charlotte, N.C., Grandbridge Real Estate Capital, a subsidiary of Branch Banking and Trust Company (BB&T), arranges permanent commercial and multifamily real estate loans; services loan portfolios; and provides asset and portfolio management through its 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 Multifamily Approved Seller/Servicer for Conventional and Seniors Housing, a Fannie Mae DUS® lender and an approved FHA MAP and LEAN healthcare lender.

With a current servicing portfolio of $31 billion, Grandbridge, an S&P strong rated servicer, services loan portfolios and provides asset and portfolio management nationwide for all capital providers including Freddie Mac, Fannie Mae, Ginnie Mae, insurance companies, banks and more than 250 securitizations. More information about Grandbridge and its full line of products and services is available at Grandbridge.com.

About BB&T

As of December 31, 2016, BB&T is one of the largest financial services holding companies in the U.S. with $219.3 billion in assets and market capitalization of $38.1 billion. Based in Winston-Salem, N.C., the company operates 2,196 financial centers in 15 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 BBT.com.