Grandbridge Real Estate Capital recently closed a $27.8 million first mortgage construction/permanent loan secured by The Waters on Mayowood, a senior living community anticipated to open in late 2014 in Rochester, Minn. The development loan, originated by Minneapolis-based Tony Carlson, was funded through one of Grandbridge’s banking relationships and featured a construction term, interest-only component, permanent term, and closed with a low interest rate. Located near ...
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