White Oak Crossing
Grandbridge Facilitates $2.75 Million Tennessee Retail Refinance
Grandbridge Real Estate Capital recently closed a $2,750,000 first mortgage loan secured by White Oak Crossing, a 10,185 square foot retail property in Ooltewah, TN.
Grandbridge Greenville-based Senior Vice Presidents Phillip Cox and Bill Mattice originated the refinance transaction. The permanent, fixed rate loan was funded through one of Grandbridge’s insurance company correspondents.
Built in 2017, the property was 100% occupied at closing. Tenants include Jersey Mikes, Smoothie King, Advance Financial, Dos Bros, Synovus and Aldi. The 3.3-acre property is advantageously positioned less than one-mile east of I-75, which provides access to Chattanooga to the west, Atlanta to the south, and Knoxville to the north.
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)