Grandbridge’s Carlson and Witt Finance $65 Million in Fargo-Moorhead During 2018

2/13/19

Grandbridge Real Estate Capital’s Tony Carlson and Jeff Witt combined to close more than $65 million of commercial loans in the Fargo-Moorhead MSA during 2018. The transactions ranged from a single-tenant office building to multifamily properties that were still in lease-up. The lenders included life insurance companies, Freddie Mac, and Fannie Mae. Grandbridge worked to provide nonrecourse permanent financing that met their client’s financing objectives.

About Grandbridge Real Estate Capital LLC

Headquartered in Charlotte, N.C., 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 Multifamily Approved Seller/Servicer for Conventional and Seniors Housing, 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. More information about Grandbridge and its full line of products and services is available at Grandbridge.com.

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