Grandbridge closes EastChase refinance

Corporate Headquarters
200 South College Street, Suite 2100
Charlotte, NC 28202
Closed Transaction Announcement FOR IMMEDIATE RELEASE
December 1, 2015
BUSINESS CONTACT
Matthew Rocco Grandbridge EVP/National Production Manager 704.379.6937 [email protected] TRANSACTION CONTACTS
Bill Mattice Grandbridge SVP 864.315.3483 [email protected] Phillip Cox Grandbridge SVP 864.288.5396 [email protected] MEDIA CONTACT
Patricia Muse Grandbridge VP/Marketing 205.978.1139 [email protected] Grandbridge Finances $58 Million Retail Property
Greenville, S.C. – Grandbridge Real Estate Capital recently closed a $58,000,000 first mortgage loan secured by The Shoppes at EastChase and EastChase Plaza in Montgomery, Ala. The refinance transaction, originated by Grandbridge Greenville, S.C., office co-­‐managers Bill Mattice and Phillip Cox for an institutional investor, was funded through New York Life, one of Grandbridge's insurance company lenders and featured four years of interest-­‐only, a 10-­‐year term and 30-­‐year amortization. The 389,084-­‐square-­‐foot retail power center is home to more than 50 stores, including many retailers exclusive to the market, such as Banana Republic, Earth Fare Organic Grocer, DSW, Versona Accessories, Chico’s, Ann Taylor, Coldwater Creek and Williams-­‐Sonoma. 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 Fannie Mae DUS lender, a Freddie Mac Program Plus Seller/Servicer, and an approved FHA MAP and LEAN healthcare lender. With a current servicing portfolio of more than $29 billion, Grandbridge, an S&P “Strong” rated servicer, services loan portfolios and provides asset and portfolio management nationwide for all capital providers including Fannie Mae, Freddie Mac, Ginnie Mae, insurance companies, banks and more than 250 securitizations. For more information about Grandbridge, visit Grandbridge.com. About BB&T As of September 30, 2015, BB&T is one of the largest financial services holding companies in the U.S. with $208.8 billion in assets and market capitalization of $27.8 billion. Based in Winston-­‐Salem, N.C., the company operates 2,150 financial centers in 15 states and Washington, D.C., and offers a full range of consumer and commercial banking, securities brokerage, asset management, mortgage and insurance products and services. A Fortune 500 company, BB&T is consistently recognized for outstanding client satisfaction by the U.S. Small Business Administration, Greenwich Associates and others. More information about BB&T and its full line of products and services is available at BBT.com. 210 East McBee Avenue, Suite 200 ● Greenville, SC 29601 ● 864.288.5396 ● Grandbridge.com
Loans are subject to credit approval. Equal Housing Lender. Please contact Patricia Muse at [email protected] for property photos.