Grandbridge Real Estate Capital’s Atlanta-based Senior Vice President Alan Tapie recently closed $105,004,000 in refinance loans for four southeastern multifamily properties.

Tapie’s $24,904,000 loan for a repeat client was secured by Timberwalk at Mandarin Apartments, a 284-unit multifamily property in Jacksonville, FL. The permanent, fixed rate loan for a repeat client was structured with a 10-year term and 30-year amortization with an initial interest-only period, and was funded through Fannie Mae, one of Grandbridge's Agency lenders.

A $33,200,000 permanent, fixed rate loan secured by The Retreat at Crosstown Apartments, a 320-unit property in Riverview, FL, was structured with a 10-year term and 30-year amortization and funded through Freddie Mac, one of Grandbridge’s Agency lenders.

Belara Apartments, a 182-unit multifamily community in Atlanta, GA, secured the $24,800,000 refinance for a repeat client. The transaction was structured with a 10-year term and 30-year amortization and funded through Freddie Mac.

A $22,100,000 permanent, fixed rate loan secured by Trellis Apartments, a 210-unit multifamily property in Marietta, GA, was structured with a 10-year term and 30-year amortization and funded through Freddie Mac.

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 Optigo^SM lender, a Fannie Mae DUS^® lender and an approved FHA MAP and LEAN healthcare lender.

With a current servicing portfolio of $29.6 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.