MinnesotaFinance Grandbridge finances pair of loans for $10 million in Minneapolis market August 22, 2018 Share on Facebook Share on Twitter Share on LinkedIn Share via email Grandbridge Real Estate Capital recently closed two first mortgage loans secured by a $3 million, 57-unit multifamily mid-rise and a $7 million 164-unit multifamily community, both in the St. Cloud, Minnesota area. The refinances were originated by Minneapolis-based Vice President Tony Carlson. The nonrecourse loans were funded through one of Grandbridge’s life insurance company correspondents and each featured a 10-year term with 15-year amortization. The loans closed with a very low, fixed interest rate below four percent. Grandbridge successfully worked with the borrower and lender to structure transactions that met the repeat borrower’s specific needs.