First Freddie Mac Capital Markets Execution^SM (CME) adjustable rate loan secured by a seniors housing facility

ATLANTA — Grandbridge Real Estate Capital’s seniors housing team recently originated and closed an $8,600,000 first mortgage loan is secured by Benton House of Newnan. Located in Newnan, Ga., the 71-bed seniors housing community is managed by Principal Senior Living Group.

Grandbridge Atlanta-based Senior Vice President Richard Thomas and Vice President Tim Hudgins arranged the financing. Funding for the adjustable rate transaction was provided through Freddie Mac’s Capital Markets ExecutionSM (CME) loan product. This transaction was the first seniors housing adjustable rate transaction originated and closed through Freddie Mac’s CME adjustable rate loan secured by a seniors housing facility.

Once the property reached stabilization, Grandbridge provided the borrower permanent financing to replace a BB&T construction loan. This structure provided pre-payment flexibility to meet the borrower’s needs. Grandbridge and its parent company, BB&T, offer seniors housing owners construction, acquisition and permanent financing options.

About Grandbridge Real Estate Capital Seniors Housing Team

The Grandbridge seniors housing team has more than 30 years of combined experience and has closed in excess of $5 billion in seniors housing loans, sales and advisory transactions.

About Grandbridge Real Estate Capital

Charlotte, N.C.-based Grandbridge, a subsidiary of Branch Banking and Trust Company (BB&T), has a 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, BB&T Real Estate Funding.

The company is a Fannie Mae DUS® (Delegated Underwriting and Servicing) lender, a Freddie Mac Program Plus® Seller/Servicer and Targeted Affordable Housing lender, and an approved FHA Multifamily Accelerated Processor (MAP) and LEAN healthcare lender.

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. The company has a current servicing portfolio of more than $25.3 billion and represents approximately 100 capital providers. More information about the company is available at www.gbrecap.com.