Grandbridge Real Estate Capital recently closed $3,800,000 and $5,100,000 first mortgage loans secured by two multifamily properties in the St. Cloud, Minn., MSA. The refinances were originated by Minneapolis-based Vice President Tony Carlson.

The non-recourse loans, funded through one of Grandbridge’s life insurance company correspondents, featured 15-year terms with a 15-year amortizations. The loans closed with a low fixed interest rate in the low 3.0% range. Grandbridge successfully worked with the borrower and lender to structure a transaction that met the repeat borrower’s specific needs.

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 $38.5 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.