Minneapolis-based senior vice president Tony Carlson and analyst William Perry with Grandbridge Real Estate Capital closed a $6.2 million permanent rate refinance loan secured by a multifamily portfolio in various cities around the Minneapolis area.
“Grandbridge worked with a very strong repeat sponsor to coordinate this multiple property refinance to achieve a low interest rate, cash out, and long-term fixed-rate financing objectives,” Carlson said. “The loan was funded by the existing lender, which provided certainty of execution and saved on transaction costs.”
