ATLANTA — Grandbridge Real Estate Capital’s Seniors Housing and Healthcare Finance Group has arranged a $229.3 million agency credit facility, which is secured by a portfolio of 14 seniors housing properties. The borrower was not disclosed.
The portfolio of properties features 1,400 units across 10 states.
Richard Thomas and Meredith Davis of Grandbridge secured the credit facility.
Headquartered in Charlotte, N.C., Grandbridge Real Estate Capital is a subsidiary of Branch Banking and Trust Company (BB&T) that arranges permanent commercial and multifamily real estate loans, services loan portfolios and provides asset and portfolio management.