Oak Hills West Apartments
Grandbridge Arranges $1.75 Million Lorain, Ohio Refi
Grandbridge Real Estate Capital recently facilitated the closing of a $1,750,000 refinance loan secured by Oak Hills West Apartments in Lorain, Ohio. Originated by Columbus-based Senior Vice President Craig Kegg, the permanent, fixed rate loan was funded through one of Grandbridge's insurance company correspondents. Structured with a 12-year term and 12-year amortization, the transaction closed with an interest rate of 5.01 percent.
About Grandbridge Real Estate Capital LLC
Headquartered in Charlotte, NC, Grandbridge Real Estate Capital LLC, a subsidiary of Truist Bank, 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 LLC is a wholly-owned subsidiary of Truist Bank. Truist Bank is an Equal Housing Lender. Truist Bank, Member FDIC.
Loans are subject to credit approval, which may or may not be forthcoming. © 2023 Grandbridge Real Estate Capital LLC.