Hilton Garden Inn, Woodlands
Grandbridge Arranges $12.95 Million Houston Hospitality Refi
Grandbridge Real Estate Capital recently closed a $12,955,000 first mortgage loan secured by Hilton Garden Inn - Woodlands, a 117-room, select service hospitality property in the Woodlands area of Houston, Texas.
The refinance transaction was originated by Grandbridge Greenville, S.C. office co-managers Bill Mattice and Phillip Cox for a repeat client. The permanent, fixed rate loan was funded through The Bancorp, one of Grandbridge's CMBS investor relationships and featured a 10-year term and 30-year amortization.
“The borrower is a current Grandbridge client. This transaction is a refinance of a loan that we placed 10 years ago. Grandbridge, the borrower and Bancorp all worked together diligently to obtain a year-end close,” said Cox.
About Grandbridge Real Estate Capital LLC
Headquartered in Charlotte, NC, 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. The company is a Freddie Mac Optigo℠ lender, a Fannie Mae DUS® lender and an approved FHA MAP and LEAN healthcare lender.
With a current servicing portfolio of $72.3 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.
Grandbridge Real Estate Capital is a subsidiary of Truist Bank, Member FDIC. Both are Equal Housing Lenders.
Loans are subject to credit approval. © 2020