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WisconsinHealthcare

Grandbridge closes $2.9 million mortgage loan for medical building in Milwaukee

Staff Writer April 5, 2017
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Grandbridge Real Estate Capital recently originated and closed a $2.9 million limited-recourse first mortgage loan secured by a medical office building in Wisconsin.

This loan refinanced an existing full-recourse bank loan. Located in Glendale, Wis., the 25,044-square-foot building was built in 2003.

Milwaukee-based Grandbridge vice president Rob Meister arranged the financing through American Equity Investment Insurance Company. The 10-year fixed-rate loan closed with an interest rate in the mid-5-percent range.  Grandbridge senior analyst Dean Huber assisted with the transaction.

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