Aspen Place at the Sawmill
Grandbridge Arranges $21 Million Arizona Retail Refinance
Grandbridge Real Estate Capital recently closed a $21 million first mortgage loan secured by Aspen Place at the Sawmill, a 99,612-square foot, Class A retail property in Flagstaff, Arizona. The refinance loan was originated by Grandbridge Rockies Region | Denver office manager John Stewart for a repeat client.
The permanent, fixed rate loan was funded through BB&T Real Estate Funding, Grandbridge’s exclusive proprietary lending platform that offers floating and fixed rate lending for structured and stabilized properties.
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)