The Washington, D.C. office of Grandbridge Real Estate Capital recently originated and closed an $8 million first mortgage fixed rate loan secured by Huguenot Apartments, a 296-unit multifamily community in Richmond, Va.  Freddie Mac purchased the refinance loan under its Capital Markets Execution (CME) loan program with a 10-year term, interest-only.

The transaction was originated by Washington, D.C.-based Senior Vice Presidents Paul Aanonsen and Jack Bauer.  Property amenities include a garden-style setting with landscaping, a swimming pool, clubhouse and playground.

Charlotte, N.C.-based Grandbridge, a subsidiary of BB&T, 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.

The company is a Freddie Mac Program Plus^® Seller/Servicer and Targeted Affordable Housing lender and a Fannie Mae DUS^® lender. Grandbridge is also a Multifamily Accelerated Processor (MAP) and LEAN healthcare approved active participant in products insured by the Federal Housing Administration (FHA). The company arranges permanent commercial and multifamily real estate loans; services loan portfolios; and provides asset and portfolio management, as well as real estate brokerage services. Grandbridge has a current servicing portfolio of $24 billion and represents approximately 100 capital providers.

At September 30, BB&T Corporation had $157.2 billion in assets and is one of the nation’s largest financial holding companies. Founded in 1872, it operates more than 1,800 financial centers in 12 states and Washington, D.C. More information about the company is available at BBT.com.