Grandbridge Real Estate Capital recently originated and closed a $9.2 million first mortgage loan secured by Foxhaven Apartments, a 128-unit residential community located in Brookfield, Wis. The loan was placed for Wisconsin-based, Wimmer Communities.
Milwaukee-based Grandbridge senior vice president Jim Cope and vice president Debe Storts arranged the refinance through Freddie Mac’s Capital Markets Execution loan product. The 10-year, fixed rate mortgage closed with an interest rate in the low 4 percent range.
