{"id":1004022551,"date":"2010-08-18T07:36:03","date_gmt":"2010-08-18T15:36:03","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/2010\/08\/18\/grandbridge-closes-40-5m-housing-transaction-for-university-of-louisville%e2%80%99s-the-province\/"},"modified":"2022-12-04T14:29:48","modified_gmt":"2022-12-04T22:29:48","slug":"grandbridge-closes-40-5m-housing-transaction-for-university-of-louisvilles-the-province","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/grandbridge-closes-40-5m-housing-transaction-for-university-of-louisvilles-the-province\/","title":{"rendered":"Grandbridge Closes $40.5M Housing Transaction for University of Louisville\u2019s The Province"},"content":{"rendered":"

August 18, 2010
\nBy Allison Landa, News Editor<\/p>\n

Grandbridge Real Estate Capital has closed a $40.5 million fixed-rate refinance loan on The Province at University of Louisville, a student housing community in Louisville, Kentucky.<\/p>\n

The fixed-rate loan was originated and closed by Grandbridge\u2019s Columbus, Ohio office. Funding was provided by Freddie Mac under its Capital Markets Execution loan program, with financing secured for a new venture sponsored by The Edwards Companies and Kayne Anderson Real Estate Advisors, L.P.<\/p>\n

Grandbridge senior vice president Ted Schmidt said that the financing was attractive to Fannie Mae given the property\u2019s quality and the infill location adjacent to campus.<\/p>\n

The Province sits on 22 acres and consists of nine three-story apartment buildings. Completed in August 2009, it was more than 95 percent leased for the 2009-2010 school year. <\/p>\n

Based in Charlotte, North Carolina, Grandbridge arranges permanent commercial and multi-family real estate loans, services loan portfolios and provides asset and portfolio management along with real estate brokerage services. The company has a servicing portfolio of $24.5 billion representing nearly 100 capital providers. <\/p>\n","protected":false},"excerpt":{"rendered":"

The fixed-rate loan was originated and closed by Grandbridge\u2019s Columbus, Ohio office. Funding was provided by Freddie Mac under its Capital Markets Execution loan program, with financing secured for a new venture sponsored by The Edwards Companies and Kayne Anderson Real Estate Advisors, L.P.<\/p>\n","protected":false},"author":936,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21825,21742],"tags":[],"class_list":["post-1004022551","post","type-post","status-publish","format-standard","hentry","category-finance","category-latest"],"acf":[],"yoast_head":"\nGrandbridge Closes $40.5M Housing Transaction for University of Louisville\u2019s The Province - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/grandbridge-closes-40-5m-housing-transaction-for-university-of-louisvilles-the-province\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Grandbridge Closes $40.5M Housing Transaction for University of Louisville\u2019s The Province\" \/>\n<meta property=\"og:description\" content=\"The fixed-rate loan was originated and closed by Grandbridge\u2019s Columbus, Ohio office. 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