Grandbridge Real Estate Capital recently closed two transactions totaling $5.2 million in frst mortgage loans secured by a pair of properties, Encore Park, a 127,000-square-foot office/warehouse property in Minnetonka, Minn., and Pakwa Business Center, a 78,300-square-foot office/warehouse property in Edina, Minn.
Tony Carlson with Grandbridge originated this acquisition funding.
Funding for the loans was provided through one of Grandbridge’s correspondent life-insurance company relationships. Both transactions featured 15-year terms and 15-year amortizations.
