COLUMBUS, OHIO — Grandbridge Real Estate Capital LLC, in conjunction with the U.S. Department of Housing and Urban Development under its FHA 232/223(f) program, was selected as the financier of Autumn Health Care of Coshocton, a 72-bed, skilled nursing facility located in Coshocton, Ohio.

“We are very pleased to have completed the placement of long-term, fixed-rate debt on this very high quality facility. The FHA-insured loans programs remain a reliable source of capital,” stated Grandbridge Senior Vice President Tim Duncan, director of the company’s FHA underwriting department.

“This $5,550,400 loan refinanced the construction loan and provided funds for minor repair items as well as initial deposits to reserves,” explained Grandbridge Vice President Jay Shaw, loan origination officer for the transaction.

Developed in 2004 and located 76 miles east of Columbus, this 4.1-acre property is a state of Ohio licensed Intermediate Care Facility (ICF) and Skilled Nursing Facility (SNF). The property offers all its residents full laundry and housekeeping services, 24-hour nursing care, on-site physical therapy, beauty salon and barber services as well as coordinated on- and off-site activities.

Charlotte, N.C.-based Grandbridge, one of the largest full-service commercial and multifamily mortgage banking companies in the nation, is a Fannie Mae DUS® (Delegated Underwriting and Servicing) lender, a Freddie Mac Program Plus® seller/servicer, and a MAP-approved participant in multifamily products insured by the Federal Housing Administration.

The company arranges permanent commercial and multifamily real estate loans; services loan portfolios; and provides asset and portfolio management and real estate brokerage services. Grandbridge has a servicing portfolio of more than $22 billion representing 96 capital providers. It closed more than 1,000 transactions in 2007.

With $136.4 billion in assets, BB&T Corporation (NYSE: BBT) is the nation’s 14th largest financial holding company. It operates nearly 1,500 financial centers in 11 states and Washington, D.C. More information about the company is available at BBT.com.

Contacts

BUSINESS

Thomas S. Dennard
Grandbridge CEO
704.379.6910

LOAN CONTACTS

Tim Duncan
Grandbridge SVP
816.931.0175

Jay Shaw
Grandbridge VP
614.358.4114

MEDIA

Patricia Muse
Grandbridge Marketing
205.978.1139