Grandbridge recently closed a $34,000,000 first mortgage loan secured by Aegis of Corte Madera, a 118-unit assisted living facility property located in the San Francisco MSA. The five-year fixed rate permanent loan features a 30-year amortization. Funded through Fannie Mae’s seniors housing loan product, the refinance was originated by Atlanta, Ga.-based Senior Vice President Richard Thomas and Vice President Tim Hudgins.

Grandbridge's Seniors Housing Team offers nonrecourse bridge, construction, Fannie Mae, Freddie Mac and FHA financing.

Grandbridge Real Estate Capital LLC is a subsidiary of Branch Banking and Trust Company (BB&T). As of March 31, 2011, BB&T is one of the largest financial services holding companies in the U.S. with $157 billion in assets and market capitalization of $19.1 billion. Based in Winston-Salem, N.C., the company operates approximately 1,800 financial centers in 12 states and Washington, D.C. More information about BB&T and its full line of products and services is available at www.BBT.com.