Grandbridge Real Estate Capital recently closed a first mortgage loan secured by a six-building, 420,000 square-foot office park in Mendota Heights, Minn. Minneapolis-based Tony Carlson originated the refinance for the borrower. Funding for the loan was provided by a life insurance company and featured a fixed rate for the entire 10-year term and 25-year amortization. The loan required no personal guaranty and closed with a low interest rate and flexible structure to facilitate borrower objectives.

“The loan funded on time and met our repeat client’s timing goals and allowed them to capitalize on historically low interest rates, allowing them to significantly reduce their debt service,” explained Carlson. The borrower and Carlson are graduates from the University of Wisconsin-Madison and a donation was made to the Wisconsin Real Estate Alumni Association to celebrate the closing.

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.