Benton House of West Ashley
Grandbridge Facilitated $9.48 Million Seniors Housing New Construction Loan
Grandbridge Real Estate Capital’s Seniors Housing and Healthcare Finance team recently facilitated the closing of a $9,487,000 first mortgage loan secured by Benton House of West Ashley, a 59-unit, to-be-built seniors housing community in Charleston, S.C. Funding for the construction loan was provided by BB&T.
“Grandbridge, as a wholly owned subsidiary of BB&T, was able to utilize our fully integrated commercial finance platform to secure the construction loan with our BB&T lending associates to make sure the needs of our repeat client and the bank were met in this competitive environment,” said Senior Vice President Richard Thomas.
Grandbridge's dedicated Seniors Housing and Healthcare Finance team 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 $6 billion in seniors housing loan, sales and advisory transactions in the past 10 years.
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.