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Grandbridge Secures 221 KSF Minnesota Industrial Loan | Tony Seruga
May
28

Grandbridge Secures 221 KSF Minnesota Industrial Loan

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The company arranged the five-year non-recourse, fixed-rate loan through Nationwide. The loan closed with an interest rate of less than 4 percent.

After arranging a $7.8 million refinancing for a Houston-area office asset, Grandbridge Real Estate Capital, a company providing links between complex market conditions, capital solutions and clients, announced the closing of a $9 million first mortgage loan for Kinghorn Logistics Hub, a 221,000-square-foot industrial building in Rogers, Minn.

Grandbridge arranged funding of the permanent, fixed rate loan through Nationwide, one of our insurance company correspondents. We structured the five-year non-recourse loan with a three-year period of interest-only followed by a 30-year amortization,” Brett Olson, vice president of production at Grandbridge, said in prepared remarks. “The loan closed with an interest rate below 4.0 percent.”…

Grandbridge Secures 221 KSF Minnesota Industrial Loan

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