Grandbridge Real Estate Capital Senior Vice President David Aaronson and Assistant Vice President Seth Barrett in Grandbridge’s Houston office recently originated, arranged the financing, and closed a $21,000,000 first mortgage loan secured by two multifamily properties located in Fort Wayne, Indiana. Funding for the fixed rate refinance was provided by CIBC Investment Bank.  The garden-style communities contain 696 units.

About Grandbridge Charlotte, N.C.-based Grandbridge, a subsidiary of BB&T Corporation, has a broad investor base that includes insurance companies, pension fund advisors, commercial banks and capital markets investors, as well as a proprietary lending platform. Grandbridge arranges permanent commercial and multifamily real estate loans; services loan portfolios; and provides asset and portfolio management, as well as real estate brokerage services nationwide.

The company is a Fannie Mae DUS lender, a Freddie Mac Program Plus® Seller/Servicer and Targeted Affordable Housing lender and a MAP multifamily and LEAN healthcare approved participant in products insured by the Federal Housing Administration (FHA).  Grandbridge has a servicing portfolio of about $24.5 billion representing nearly 100 capital providers.  For more information about Grandbridge and its locations, visit www.gbrecap.com.

About BB&T As of Sept. 30, BB&T is one of the largest financial services holding companies in the U.S. with $157.2 billion in assets and market capitalization of $16.7 billion. Based in Winston-Salem, N.C., the company operates approximately 1,800 financial centers in 12 states and Washington, D.C., and offers a full range of consumer and commercial banking, securities brokerage, asset management, mortgage and insurance products and services. A Fortune 500 company, BB&T is consistently recognized for outstanding client satisfaction by J.D. Power and Associates, the U.S. Small Business Administration, Greenwich Associates and others. More information about BB&T and its full line of products and services is available at www.BBT.com.