Mallard Pointe Apartments
Grandbridge Finances $15 Million South Carolina Multifamily Property
Grandbridge Real Estate Capital recently facilitated the closing of a $15,000,000 refinance loan secured by Mallard Pointe Apartments, a 360-unit garden-style multifamily community on 22.7 acres in Rock Hill, South Carolina, 20 miles southwest of Charlotte, North Carolina.
Originated by Greenville-based Senior Vice Presidents Phillip Cox and Bill Mattice, the permanent, fixed rate nonrecourse loan was funded through Freddie Mac’s Capital Markets Execution (CME) Standard Delivery Index Lock loan program, with a 10-year term and 30-year amortization.
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)