Grandbridge Arranges $15.9 Million Texas Multifamily Refinance
Grandbridge Real Estate Capital has arranged the $15.9 million refinance of Hawthorne Riverside, a 164-unit apartment community located along the Guadalupe River in New Braunfels, Texas.
Mike Ortlip of Grandbridge's Charlotte office arranged the floating-rate Green Up loan with Freddie Mac on behalf of a repeat client.
Located just off Interstate 35, Hawthorne Riverside features a 3.5-acre park with walking trails along the bank of the Guadalupe River.
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)