Office W Minnesota

Grandbridge Real Estate Capital closes $7 million loan secured by Minnesota office portfolio

Grandbridge Real Estate Capital recently closed a $7.05 million first mortgage loan secured by a four-building office portfolio with properties located in Golden Valley, Minnetonka, and Brooklyn Park, Minn.

Grandbridge Real Estate Capital recently closed a $7.05 million first mortgage loan secured by a four-building office portfolio with properties located in Golden Valley, Minnetonka, and Brooklyn Park, Minn.

This refinance transaction was originated by Minneapolis-based Tony Carlson.

Funding for the fixed-rate loan was provided by StanCorp Mortgage Investors and featured a 10-year term, 20-year amortization and a fixed interest rate in the mid-four-percent range. StanCorp was selected for numerous reasons including a competitive interest rate.