MinnesotaFinance Grandbridge provides $8.4 million loan for Minnesota apartment community August 3, 2018 Share on Facebook Share on Twitter Share on LinkedIn Share via email Grandbridge Real Estate Capital recently closed on the permanent refinance of an $8.46 million first mortgage loan secured by an 82-unit apartment project on the shores of Lake Minnetonka in Spring Park, Minnesota. The nonrecourse loan was provided by Grandbridge through Fannie Mae and featured a 12-year term and low fixed interest rate. The refinance allowed the borrower to continue making unit improvements. This financing was originated by Minneapolis-based Vice President Tony Carlson.