Finance W Minnesota

Grandbridge Real Estate Capital closes $71.8 million in refinance loans for manufactured-housing portfolio

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Minneapolis-based Grandbridge Real Estate Capital recently closed on the permanent refinance of a $7.18 million manufactured-housing portfolio secured by six manufactured home communities made up of more than 1,700 sites.

Minneapolis-based Grandbridge Real Estate Capital recently closed on the permanent refinance of a $71.8 million manufactured-housing portfolio secured by six manufactured home communities made up of more than 1,700 sites.

The loan was originated through Grandbridge's agency platform, and featured a fixed-rate, 30-year amortization and an interest-only component.

Grandbridge senior vice president Todd Elkins and Minneapolis-based vice president Tony Carlson and assistant vice president Troon Dowds originated the financing.