Minneapolis-based Senior Vice President Brett Olson and Vice President Jeff Witt with Grandbridge recently closed a $3.315 million permanent refinance loan secured by a 100% occupied retail center in Omaha, Nebraska.
The borrower was able to lock in a fixed-rate, seven-year loan open at par at closing, giving it the ability to refinance if there were to be another significant drop in rates or if it chose to pursue a sale.
