Live Oak Square
Grandbridge Arranges $42.42 Million Atlanta Office Acquisition
Grandbridge Real Estate Capital recently closed a $42,421,000 first mortgage loan secured by Live Oak Square, a 200,410 square foot, multi-tenant office building in Atlanta, Ga.
Grandbridge Atlanta-based Senior Vice President Alan Tapie originated the acquisition. The loan was funded through one of Grandbridge’s Insurance company correspondent relationships.
“The loan was provided for a repeat Grandbridge client who was entering into their second office acquisition in Buckhead. The acquisition represented an opportunity for the borrower to capitalize on the dynamic Buckhead location by utilizing new leasing and capital strategies for the asset. The financing featured a five-year all in term with prepayment flexibility, and future funding capabilities for tenant buildout and capital expenses,” Tapie said.
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)