{"id":1004198228,"date":"2017-11-23T06:06:29","date_gmt":"2017-11-23T14:06:29","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004198228"},"modified":"2022-12-08T19:40:29","modified_gmt":"2022-12-09T03:40:29","slug":"grandbridge-arranges-refi-for-496-ksf-columbus-property","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/grandbridge-arranges-refi-for-496-ksf-columbus-property\/","title":{"rendered":"Grandbridge Arranges Refi for 496 KSF Columbus Industrial"},"content":{"rendered":"

By Laura Calugar<\/em><\/p>\n

\"The<\/a>

The 6606 Tussing Road in Columbus, Ohio<\/p><\/div>\n

Grandbridge Real Estate Capital recently closed a $7 million first mortgage loan for 6606 Tussing Road, a 496,460-square-foot industrial R&D\/flex facility on roughly 30 acres in Columbus, Ohio.<\/p>\n

Funding for the permanent loan was arranged through one of Grandbridge\u2019s banking relationships and featured a 10-year term and 15-year amortization, closing with a fixed interest rate of 4.25 percent for five years.\u00a0The Branch Banking and Trust Co. originated the loan.<\/p>\n

Grandbridge Columbus Senior Vice President Ted Schmidt originated the cash out transaction for a repeat client. Most recently, Grandbridge also arranged a $65 million first mortgage loan<\/a> for the St. Julien Hotel and Spa, a 201-key hotel in Boulder, Colo.<\/p>\n

The Columbus industrial market is hot and shows no signs of cooling down,\u00a0according to the latest Cushman & Wakefield report. In the third quarter of this year, the overall vacancy rate dropped to 5.1 percent, one of the lowest ever reported. However, vacancy rates will most likely increase as speculative projects are delivered.\u00a0<\/p>\n

Image courtesy of Grandbridge <\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

The Branch Banking and Trust Co. subsidiary originated the $7 million loan for 6606 Tussing Road, a R&D facility situated on nearly 30 acres.<\/p>\n","protected":false},"author":238,"featured_media":1004198229,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1585,21825,21748,13,21742],"tags":[35050,32799,34574],"class_list":["post-1004198228","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-columbus","category-finance","category-industrial","category-midwest","category-latest","tag-branch-banking-and-trust-company","tag-cushman-wakefield","tag-grandbridge-real-estate-capital"],"acf":[],"yoast_head":"\nGrandbridge Arranges Refi for 496 KSF Columbus Industrial - 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-arranges-refi-for-496-ksf-columbus-property\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Grandbridge Arranges Refi for 496 KSF Columbus Industrial\" \/>\n<meta property=\"og:description\" content=\"The Branch Banking and Trust Co. subsidiary originated the $7 million loan for 6606 Tussing Road, a R&D facility situated on nearly 30 acres.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/grandbridge-arranges-refi-for-496-ksf-columbus-property\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2017-11-23T14:06:29+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T03:40:29+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/6606-Tussing-Road-Ted-Schmidt.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"850\" \/>\n\t<meta property=\"og:image:height\" content=\"637\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Laura Valean\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/grandbridge-arranges-refi-for-496-ksf-columbus-property\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/grandbridge-arranges-refi-for-496-ksf-columbus-property\/\",\"name\":\"Grandbridge Arranges Refi for 496 KSF Columbus Industrial - 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