Grandbridge Seniors Housing and Healthcare Finance
A Subsidiary of BB&T (NYSE: BBT)
What Makes Grandbridge Seniors Housing and Healthcare Finance Team Unique
Grandbridge Balance Sheet Bridge
We are one of very few dedicated lenders in the country that offer construction, nonrecourse bridge and
permanent loan executions nationwide. In addition, we have:
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A balance sheet through our parent company, BB&T
A national platform
®
„„Approved agency lender: Fannie Mae DUS , Freddie Mac Multifamily Approved Seller/Servicer for
Conventional and Seniors Housing Loans, and FHA/HUD
„„Correspondent relationships with more than 100 insurance companies
„„The depth of experience to close large portfolio transactions
„„Industry knowledge to qualify smaller, regional owner/operators for agency financing
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Our Seniors Housing team is focused only on seniors housing and health care. That’s all we do. Combined, we have
nearly 60 years of industry experience and have closed more than $6 billion of seniors transactions since 2003.
Grandbridge Seniors Housing and Health Care Finance Transactions
2003-Present
Agency (Fannie Mae, Freddie Mac)........................................................................ $4,117,551,000
Other Capital (FHA, Life, CMBS, Other)................................................................... $941,419,000
BB&T Bridge/Construction Loan:........................................................................... $436,815,000
Sales and Advisory Work....................................................................................... $453,867,000
Assumptions........................................................................................................ $359,538,000
Total:.................................................................................................... $6,309,190,000
Seniors Housing Opportunities Realized
Aegis Corte Madera
Corte Madera, Calif.
$42,250,000
118 units
Permanent
Insurance Company
Meridian Portfolio
Westchester, N.Y. & Washington, D.C.
$43,500,000
235 units
Acquisition/Rehab
BB&T REF
14-Property Credit Facility
10 States
$229,320,000
1,400 units
Pemanent Finance
Fannie Mae
Country Club – Crown Care
Warrensburg & Harrisonville, Mo.
$13,280,000
191 beds
non-BB&T bridge
Bank
Town Village Portfolio
Four Locations/818 units
$100,000,000 Assumption
$25,000,000 Supplemental Loans
Fannie Mae
Brightview North Andover
North Andover, Mass.
$30,250,000
133 units
Permanent
Fannie Mae
Highgate at Bozeman
Bozeman, Mont.
$23,206,100
105 units
Permanent
FHA-HUD
Aegis of Issaquah
Issaquah, Wash.
$19,400,000
99 units
Permanent
Freddie Mac
Principal Senior Living Aiken
Aiken, S.C.
$10,660,000
74 units
Construction
BB&T
Nationwide
Flexible loan structure
„„Nonrecourse except for standard carve outs
„„Interest-only and amortizing structures
available
„„Competitive pricing
„„Up to 75% leverage
„„ldeal for acquisitions and/or repositions
„„Miniperm/construction/renovation
programs available
„„24- to 60-month terms typical
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Grandbridge Balance Sheet Perm
Seven- or 10-year fixed
Nationwide
„„Age-restricted, IL, AL and Memory Care
„„Nonrecourse except for standard carve outs
„„Interest-only and amortizing structures
available
„„Pricing similar to government sponsored
enterprises (GSEs)
„„30/360 interest calculation
„„Up to 75% leverage
„„Ideal for seven- or 10-year term if
prepayment flexibility is desired
„„Prepayment penalty of 0.5% + YM (min. 1%)
for half the term and 0.5% for remainder
(par last 90 days)
„„Assumable
„„Supplementals available
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Fannie Mae/Freddie Mac
Nationwide
Nonrecourse except for the usual
“bad boy” carve outs
„„5-, 7-, 10- , 12 or 15+ – up to 30-year terms
„„Variable and fixed rates available
„„Up to 75% leverage
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FHA
Nationwide
Terms of up to 35 years (40 years if new
construction) fully amortizing
„„Nonrecourse permanent loan, with the
exception of “bad-boy” carve outs
„„Rehabilitation or repair of the property is
financeable
„„Up to 80% LTV
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Construction
Limited to full recourse
Two- to three-year initial terms with up to
two one-year extension options available
„„Interest-only during construction
„„Flexible prepayment term
„„Excellent pricing
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Contact Us
Richard Thomas
Meredith Davis
Laura Wildsmith
Kim Huffstutler 404.602.1379
205.978.1282
404.602.1442
251.288.6834 [email protected]
[email protected]
[email protected]
[email protected]
Loans are subject to credit approval.
Equal Housing Lender.
Grandbridge Real Estate Capital LLC is a subsidiary of Branch Banking and Trust Company, Member FDIC.
Competitive Bond Executions
Call for details
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Grandbridge.com
rev 1/25/17