Gandbridge Real Estate Capital’s Atlanta-based Senior Vice President Alan Tapie recently closed $21,775,000 in refinance and acquisition loans for four Georgia retail transactions.

Tapie’s $9,125,000 loan for a repeat client was secured by a three-property portfolio in the Atlanta MSA. Properties included were Spalding Center, The Village at Webb Road and The Shops at Eagle Pointe totaling 94,368 square feet. Funded through one of Grandbridge’s insurance company correspondent relationships, the permanent, fixed rate refinance was structured with a 7-year term and 25-year amortization.

A $6,650,000 permanent, fixed rate acquisition loan secured by McDonough Commons, a 70,995 square foot retail property in McDonough, was structured with a 5-year term and 25-year amortization. The acquisition funding was provided by one of Grandbridge’s banking correspondents.

Douglasville Commons, an 87,574 square foot retail center in Douglasville, secured a $3,800,000 acquisition loan for a repeat client. The permanent, fixed rate transaction was structured with a 25-year term and 25-year amortization and was funded through one of Grandbridge’s insurance company correspondents.

A $2,200,000 permanent, floating rate loan for a repeat client was secured by Alpharetta Summit, a 39,322 square foot retail property in Alpharetta. The refinance transaction, funded through one of Grandbridge’s insurance company correspondents, was structured with a 7-year term and 25-year amortization.

About Grandbridge Real Estate Capital LLC
Headquartered in Charlotte, N.C., Grandbridge Real Estate Capital, a subsidiary of Branch Banking and Trust Company (BB&T), arranges permanent commercial and multifamily real estate loans; services loan portfolios; and provides asset and portfolio management through its broad investor base that includes insurance companies, CMBS investors, pension fund advisors, commercial banks and capital markets investors, as well as its proprietary lending platform, BB&T Real Estate Funding. The company is a Freddie Mac Optigo^SM lender, a Fannie Mae DUS^® lender and an approved FHA MAP and LEAN healthcare lender.

With a current servicing portfolio of $29.6 billion, Grandbridge, an S&P strong rated servicer, services loan portfolios and provides asset and portfolio management nationwide for all capital providers including Freddie Mac, Fannie Mae, Ginnie Mae, insurance companies, banks and more than 250 securitizations. More information about Grandbridge and its full line of products and services is available at Grandbridge.com.