Grandbridge Real Estate Capital recently closed a $4.3 million first mortgage loan secured by a four-property multi-family portfolio in the Minneapolis/St. Paul market.
The four-building portfolio contains 105 units. Grandbridge’s Tony Carlson originated the refinance transaction.
Funding for the fixed-rate loan was provided by a life insurance company and featured a 10-year fixed rate term and 20-year amortization schedule.