BIRMINGHAM, AL—Grandbridge Real Estate Capital LLC recently originated and closed five first mortgage loans totaling $58,560,000 secured by 2,082 sites in five manufactured home community properties in Florida. The transactions were funded though Grandbridge’s Fannie Mae DUS® relationship. Proceeds from these transactions, originated by Grandbridge Senior Vice President John Segrest in the company’s Birmingham, Ala., office, were utilized to retire existing debt, pay closing costs, and return a portion of the borrower’s equity.

Charlotte, N.C.-based Grandbridge, one of the largest full-service commercial and multifamily mortgage banking companies in the nation, 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 is a Fannie Mae DUS® (Delegated Underwriting and Servicing) lender, a Freddie Mac Program Plus® seller/servicer, and a MAP-approved active 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 approximately $24.9 billion representing nearly 100 capital providers.

With $152 billion in assets, BB&T Corporation is the nation’s 12th largest financial holding company. It operates more than 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 CONTACT

John Segrest
Grandbridge SVP
205.978.1842

MEDIA

Patricia Muse
Grandbridge VP | Director of Marketing
205.978.1139