Loans – Grandbridge closes $8.9 million worth of loans in St. Cloud space
Grandbridge Actual Property Capital lately closed $3.Eight million and $5.1 million first mortgage loans secured by two multifamily properties within the St. Cloud, Minnesota, MSA.
The refinances have been originated by Minneapolis-based vp Tony Carlson.
The non-recourse loans, funded by means of one among Grandbridge’s life insurance coverage firm correspondents, featured 15-year phrases with a 15-year amortizations. The loans closed with a low mounted rate of interest within the low Three p.c vary.
Grandbridge efficiently labored with the borrower and lender to construction a transaction that met the repeat borrower’s particular wants.