Arcadia at Limerick Pointe

Arcadia at Limerick Pointe

$34,000,000
160 units
New Construction

Grandbridge Facilitated $34 Million Seniors Housing New Construction Loan

Grandbridge’s Seniors Housing and Healthcare Finance Group recently facilitated the closing of a $34,000,000 construction/mini-perm loan for Vantage Pointe Retirement Living. The funds will be used to construct Arcadia at Limerick Pointe, a 160-unit IL/AL/MC seniors housing community in Limerick, Pennsylvania. The transaction was placed with BB&T by Senior Vice President Richard Thomas, Vice President Meredith Davis and Vice President Kim Huffstutler.

Grandbridge's dedicated Seniors Housing and Healthcare Finance Group offers construction, nonrecourse acquisition/bridge and permanent financing options to seniors housing owners nationwide. The team has nearly 60 years of combined seniors housing experience and has closed more than $8 billion in seniors housing loan, sales and advisory transactions since 2003.

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.