Grandbridge Real Estate Capital recently arranged financing in the amount of $5.692 million for a stabilized 78-unit property in Sartell, Minnesota.
The loan was originated by senior vice president Tony Carlson for a repeat client. Structured with a 15-year term and 20-year amortization, and an all-in sub-3 percent interest rate, the permanent, fixed-rate, nonrecourse loan was funded through one of Grandbridge’s insurance company correspondents.
