Arcadia at Limerick Pointe
Arcadia at Limerick Pointe
- 160 units
- New Construction
Grandbridge Facilitated $34 Million Seniors Housing New Construction Loan
Grandbridge’s Seniors Housing and Healthcare Finance Group recently facilitated the closing of a $34,000,000 construction/mini-perm loan for Vantage Pointe Retirement Living. The funds will be used to construct Arcadia at Limerick Pointe, a 160-unit IL/AL/MC seniors housing community in Limerick, Pennsylvania. The transaction was placed with BB&T by Senior Vice President Richard Thomas, Vice President Meredith Davis and Vice President Kim Huffstutler.
Grandbridge's dedicated Seniors Housing and Healthcare Finance Group offers construction, nonrecourse acquisition/bridge and permanent financing options to seniors housing owners nationwide. The team has nearly 60 years of combined seniors housing experience and has closed more than $8 billion in seniors housing loan, sales and advisory transactions since 2003.
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, as well as its proprietary lending platform, BB&T Real Estate Funding. 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 $29.5 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.
BB&T is one of the largest financial services holding companies in the U.S. with $227.7 billion in assets and market capitalization of approximately $35.6 billion, as of March 31, 2018. Building on a long tradition of excellence in community banking, BB&T offers a wide range of financial services including retail and commercial banking, investments, insurance, wealth management, asset management, mortgage, corporate banking, capital markets and specialized lending. Based in Winston-Salem, N.C., the company operates more than 1,800 financial centers in 15 states and Washington, D.C., and is consistently recognized for outstanding client service by Greenwich Associates for small business and middle market banking. More information about BB&T and its full line of products and services is available at BBT.com.