Grandbridge Secures $2.3 Million Mortgage for Wealth Management Firm

Published On: 11.18.11

 

MILWAUKEE, Wisconsin — Grandbridge Real Estate Capital recently originated and closed a $2,325,000 first mortgage acquisition and renovation loan secured by a multi-tenant office building. Located in Elm Grove, Wisconsin the 39,000 square foot building offers a flexible floor plan, high-traffic visibility, easy access and strong surrounding demographics. 
Milwaukee-based Grandbridge Vice President Rob Meister arranged the financing through First Business Bank. The loan is a full-recourse, 1-year financing which carries a fixed rate of approximately five percent. Mr. Meister was assisted by Dean Huber, Senior Analyst.
 
Charlotte, N.C.-based Grandbridge has a broad investor base that includes insurance companies, pension fund advisors, CMBS lenders, commercial banks and capital markets investors, as well as a proprietary lending platform.
The company, a wholly-owned subsidiary of BB&T (Branch Banking and Trust), is a Fannie Mae Delegated Underwriting and Servicing (DUS®) lender and a Freddie Mac Program Plus® Seller/Servicer, Seniors Housing and Targeted Affordable Housing 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 servicing portfolio of more than $25.3 billion representing nearly 100 capital providers. More information about Grandbridge and its full line of products and services is available at  www.gbrecap.com.

MILWAUKEE, Wisconsin — Grandbridge Real Estate Capital recently originated and closed a $2,325,000 first mortgage acquisition and renovation loan secured by a multi-tenant office building. Located in Elm Grove, Wisconsin the 39,000 square foot building offers a flexible floor plan, high-traffic visibility, easy access and strong surrounding demographics.

Milwaukee-based Grandbridge Vice President Rob Meister arranged the financing through First Business Bank. The loan is a full-recourse, 1-year financing which carries a fixed rate of approximately five percent. Mr. Meister was assisted by Dean Huber, Senior Analyst.

Charlotte, N.C.-based Grandbridge has a broad investor base that includes insurance companies, pension fund advisors, CMBS lenders, commercial banks and capital markets investors, as well as a proprietary lending platform.

The company, a wholly-owned subsidiary of BB&T (Branch Banking and Trust), is a Fannie Mae Delegated Underwriting and Servicing (DUS®) lender and a Freddie Mac Program Plus® Seller/Servicer, Seniors Housing and Targeted Affordable Housing 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 servicing portfolio of more than $25.3 billion representing nearly 100 capital providers. More information about Grandbridge and its full line of products and services is available at www.gbrecap.com.