Grandbridge Funds $17.15 Million Seniors Housing Acquisition

Published On: 07.15.14

Arvada Estates Senior Living - ColoradoATLANTA — The Atlanta-based Seniors Housing and Healthcare Finance Team of Grandbridge Real Estate Capital recently closed a $17,150,000 first mortgage loan secured by Arvada Estates Senior Living in Arvada, Colo. Funding for the acquisition was provided by BB&T Real Estate Capital, Grandbridge’s exclusive balance sheet lending platform, and featured a seven-year term, 30-year amortization and a 18-month interest-only component.

“Grandbridge’s Seniors Housing and Healthcare Finance Group was one of many groups we spoke to regarding debt for our first seniors acquisition but they quickly became our first choice. They were able to quote and compare financing across the FM dial as well as life company and balance sheet options. Their customer service and expertise in seniors housing were invaluable to us in closing our project with Artemis Real Estate Partners,” said Stephanie Anderson, Principal at SilverStone Health Care Real Estate.

Located in the Denver MSA, the 118-unit independent living seniors housing community was built in 2008 and features a fitness and exercise room, onsite barber/beauty salon, community room, library, game room, and TV lounge.

Senior Vice President Richard Thomas originated the transaction. Grandbridge's dedicated Seniors Housing and Healthcare Finance Team offers construction, nonrecourse acquisition/bridge and permanent financing options to seniors housing owners nationwide.

The team has nearly 60 years of combined seniors housing experience and has closed more than $5 billion in seniors housing loan, sales and advisory transactions in the past 10 years. A subsidiary of Branch Banking and Trust Company (NYSE: BBT), Charlotte, N.C.-based Grandbridge has a proprietary lending platform, BB&T Real Estate Funding, as well as core balance sheet capabilities, which complement the firm's broad investor base that includes Fannie Mae, Freddie Mac, FHA, insurance companies, CMBS investors, pension fund advisors, commercial banks and capital market investors.

About Grandbridge Real Estate Capital LLC
Grandbridge Real Estate Capital arranges permanent commercial and multifamily real estate loans; services loan portfolios; and provides asset and portfolio management, as well as real estate brokerage services. With a current servicing portfolio of more than $28.58 billion Grandbridge represents approximately 100 capital providers.

Based in Charlotte, N.C., 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.

More information about the company is available at www.grandbridge.com.