MILWAUKEE, Wis. — Grandbridge Real Estate Capital recently originated and closed a $5,300,000 first mortgage loan secured by a Lowe's building on a ground lease.  Located in Kansas City, Mo., the 124,078 square foot retail store was built in 2008.

Milwaukee-based Grandbridge Vice President Mikko Erkamaa arranged the financing through 40|86 Mortgage Capital, Inc. The 10-year, fixed rate nonrecourse loan closed with a fixed rate in the mid four percent range, meeting the borrower’s request to obtain the best market rate.  Mr. Erkamaa was assisted by Senior Real Estate Analyst Dean Huber.

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 bank, 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.