MILWAUKEE — Grandbridge Real Estate Capital, in conjunction with Mesirow Financial Institutional Real Estate’s Direct Investments group, recently originated and closed a $22,200,000 first mortgage loan secured by Windbrooke Crossing, a 236-unit residential community located in Buffalo Grove, Illinois.

Milwaukee-based Grandbridge Senior Vice President Jim Cope and Vice President Justin Nelson arranged the Early Rate Lock acquisition financing through Freddie Mac’s Capital Markets Execution (CME) loan product.  The loan, a seven-year term, interest-only mortgage, closed with an interest rate just over four percent.     

The garden-style apartments are within walking distance of a Metro Station and feature an outdoor swimming pool and sundeck, and a fitness path winding through the property.  

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, is a Fannie Mae Delegated Underwriting and Servicing (DUS®) lender and a Freddie Mac Program Plus® Seller/Servicer and Seniors 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 $25.7 billion representing nearly 100 capital providers. More information about Grandbridge and its full line of products and services is available at www.gbrecap.com.