Grandbridge Real Estate Capital recently facilitated the closing of an $18,000,000 refinance loan secured by a 95-unit multifamily property in Bethlehem, Pennsylvania. Originated by Senior Vice President Daniel P. Puntil, the permanent, fixed rate, nonrecourse loan was funded through one of Grandbridge’s banking correspondents. The transaction was structured with a 10-year term and 30-year amortization.

Property amenities include restaurant tenants on the first floor, a fitness center, indoor bike storage, dry cleaning service, business center, community room with full kitchen, roof-top terrace, and 24-hour emergency maintenance.

About Grandbridge Real Estate Capital LLC
Headquartered in Charlotte, N.C., Grandbridge Real Estate Capital, a subsidiary of BB&T (now Truist), 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. The company is a Freddie Mac Optigo ^® lender, a Fannie Mae DUS^® lender, and an approved FHA MAP and LEAN healthcare lender.

With a current servicing portfolio of $72.3 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.

About Truist
Truist Financial Corporation (NYSE: TFC) is a purpose-driven company dedicated to building a better future for its clients, teammates and communities. With 275 years of combined BB&T and SunTrust history, Truist is one of the nation’s largest financial services holding companies offering a wide range of services including retail, small business and commercial banking; asset management; capital markets; commercial real estate; corporate and institutional banking; insurance; mortgage; payments; specialized lending and wealth management. Headquartered in Charlotte, North Carolina, Truist serves approximately 10 million households with leading market share in many high-growth markets in the country. Learn more at Truist.com.