- 23,000 square feet commercial space, 78 multifamily units
Grandbridge Facilitates $8.32 Million Kansas Mixed-Use/Multifamily Refinance
Grandbridge Real Estate Capital recently facilitated the closing of an $8,320,000 first mortgage acquisition loan secured by DElofts, a four-building mixed-use/multifamily property in Kansas City, Kansas. The property features 23,000 square feet of first floor commercial space and 78 multifamily units.
The 5-year, fixed rate mortgage with 25-year amortization closed with an interest rate in the low four percent range. The loan was funded through one of Grandbridge’s local bank relationships.
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.
Loans are subject to credit approval.
Grandbridge Real Estate Capital is a subsidiary of Branch Banking and Trust Company(opens in a new tab), Member FDIC. Both are Equal Housing Lenders.
Branch Banking and Trust Company is now Truist Bank. Learn more(opens in a new tab)