MILWAUKEE, Wis. — Grandbridge Real Estate Capital’s Milwaukee office recently originated and closed a $2,400,000 first mortgage loan secured by an 82,800 square foot office/warehouse building located in Kennesaw, Ga., a suburb of Atlanta.

Grandbridge Senior Vice President Jim Cope and Assistant Vice President Brandon Strong arranged the financing on behalf of Milwaukee-based HSI Properties, LLC. Funding for the transaction was provided by Thrivent Financial.  

A strong borrower coupled with a quality building and strong location made the transaction attractive to the lender. Grandbridge successfully met the client’s timing and financing objectives.  The 10-year fixed rate loan closed with an interest rate in the mid five percent range.

About Grandbridge:

Charlotte, N.C.-based Grandbridge, a subsidiary of BB&T Corporation, has a broad investor base that includes insurance companies, pension fund advisers, 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 Delegated Underwriting and Servicing (DUS®) lender. Grandbridge also is a MAP multifamily and LEAN healthcare approved participant in products insured by the Federal Housing Administration (FHA).

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 nationwide. Grandbridge has a servicing portfolio of about $25.3 billion representing nearly 100 capital providers. For more information about Grandbridge and its locations, visit www.gbrecap.com.