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23

Grandbridge Arranges Refi for 496 KSF Columbus Industrial

By Tony Seruga

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.

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.

Funding for the permanent loan was arranged through one of Grandbridge’s 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. The Branch Banking and Trust Co. originated the loan…

Grandbridge Arranges Refi for 496 KSF Columbus Industrial

Categories : Commercial Real Estate

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