Grandbridge Real Estate Capital recently facilitated the closing of a $35,440,000 refinance loan secured by The Arrow Apartments, a 199-unit multifamily/student housing community in Minneapolis, Minn. Originated by Minneapolis-based Senior Vice President Chris Perry, Vice President Brett Olson and Real Estate Analyst Joe Lindberg, the permanent, fixed rate loan was funded through one of Grandbridge’s Credit Union relationships with an initial period of interest-only, a 5-year term and 30-year amortization.

Within walking distance to the University of Minnesota, The Arrow’s amenities include a fitness center, multiple study rooms, a printing center, roof top deck and 24-hour gym.

About Grandbridge Real Estate Capital LLC
Headquartered in Charlotte, N.C., Grandbridge Real Estate Capital, 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, as well as its proprietary lending platform. The company is a Freddie Mac Optigo^® Conventional Multifamily, Seniors Housing and Targeted Affordable Housing 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. More information about Grandbridge and its full line of products and services is available at Grandbridge.com.