Grandbridge Real Estate Capital recently closed a $9 million first mortgage loan secured by a 221,000-square-foot multi-tenant industrial property in Rogers, Minnesota.
Brett Olson and Dick Riley with Grandbridge originated the transaction.
Grandbridge arranged financing of the permanent, fixed-rate loan through Nationwide, an insurance company correspondent. The five-year nonrecourse loan features a three-year period of interest-only followed by a 30-year amortization.
