Laumeier Office Park

Laumeier Office Park

$24,600,000
290,925 square feet
Acquisition
BB&T Real Estate Funding

Grandbridge Facilitates $24.6 Million St. Louis Office Portfolio

Grandbridge Real Estate Capital recently facilitated the closing of an $24,600,000 first mortgage acquisition loan secured by Laumeier I, II, & IV, a 290,925 square foot suburban office portfolio in St. Louis, Missouri. Originally built between 1987 and 1990, the buildings were renovated in 2014. The portfolio includes a diverse building mix with one single-tenant and two multi-tenant buildings. Major tenants include Panera Bread Company, New Balance, Inc., and AMN Healthcare, Inc.

The nonrecourse fixed rate loan closed with a 4.40% interest rate, 10-year term, and two years I/O followed by a 25-year amortization. The loan was funded through BB&T Real Estate Finance’s Stabilized loan product.

About Grandbridge Real Estate Capital LLC

Headquartered in Charlotte, NC, Grandbridge Real Estate Capital LLC, a subsidiary of Truist Bank, arranges permanent commercial and multifamily real estate loans; services loan portfolios; and provides asset and portfolio management through its broad investor base that includes insurance companies, CMBS investors, pension fund advisors, commercial banks and capital markets investors. The company is a Freddie Mac Optigo℠ lender, a Fannie Mae DUS® lender and an approved FHA MAP and LEAN healthcare lender.

With a current servicing portfolio of $72.3 billion, Grandbridge, an S&P "Strong" rated servicer, services loan portfolios and provides asset and portfolio management nationwide for all capital providers including Freddie Mac, Fannie Mae, Ginnie Mae, insurance companies, banks and more than 250 securitizations.

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Grandbridge Real Estate Capital LLC is a wholly-owned subsidiary of Truist Bank. Truist Bank is an Equal Housing Lender. Truist Bank, Member FDIC.