Grandbridge Funds $14.35 Million in Multifamily Transactions

Published On: 09.15.16

Lakeside and StonetreeGrandbridge Real Estate Capital recently closed $14,350,000 in first mortgage loans secured by two multifamily properties: Lakeside Apartment Townhomes, a 177-unit multifamily property and Stonetree Apartments, a 232-unit multifamily property. Both communities are located in Atlanta, Ga.

Jacksonville, Fla.- based Senior Vice President Taylor Williams originated the refinance transactions.

“Grandbridge arranged funding of the permanent loans through Freddie Mac's Capital Markets Execution SM (CME) multifamily loan product, enabling us to structure the nonrecourse loans with initial period of interest-only, 10-year terms and 30-year amortizations,” stated Williams. “In order to mitigate interest rate risk, the borrowers chose Freddie Mac’s Early Rate-Lock option for both transactions.”

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 Fannie Mae DUS® lender, a Freddie Mac Multifamily Approved Seller/Servicer for Conventional and Seniors Housing, and an approved FHA MAP and LEAN healthcare lender. With a current servicing portfolio of more than $29.7 billion, Grandbridge, an S&P “Strong” rated servicer, services loan portfolios and provides asset and portfolio management nationwide for all capital providers including Fannie Mae, Freddie Mac, Ginnie Mae, insurance companies, banks and more than 250 securitizations. For more information about Grandbridge, visit Grandbridge.com.