Grandbridge Real Estate Capital recently closed a $1,144,000 first mortgage loan secured by Soccer Cage Sunrise, a 4.3-acre soccer academy in Sunrise, Florida. The transaction was arranged by Grandbridge’s Miami-based Assistant Vice President Mariano Perez.
The client requested nonrecourse financing to recapitalize and complete improvements on the site. Soccer Cage Sunrise is set to open in late 2018 and will boast six soccer fields, concession stands and a store, along with other amenities. Soccer Cage President, Christian Driussi, said “We are extremely excited to open our third location and the first one in Broward County. This new venue will also allow our soccer school, Juventus Academy, to continue to offer great programs for kids of all ages. The official arrival of David Beckham’s Major League Soccer (MLS) team to the Miami market speaks volumes about the thirst for soccer in South Florida and we will tap in on that interest to create a great soccer environment in this state-of-the-art-facility.”
The permanent, fixed rate refinance/bridge loan was arranged through one of Grandbridge’s specialty finance/bridge correspondents.
About Grandbridge Real Estate Capital LLC
Headquartered in Charlotte, N.C., Grandbridge Real Estate Capital, a subsidiary of Branch Banking and Trust Company (BB&T), 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, as well as its proprietary lending platform, BB&T Real Estate Funding. The company is a Freddie Mac Multifamily Approved Seller/Servicer for Conventional and Seniors Housing, a Fannie Mae DUS® lender and an approved FHA MAP and LEAN healthcare lender.
With a current servicing portfolio of $30 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. More information about Grandbridge and its full line of products and services is available at Grandbridge.com.
About BB&T
BB&T is one of the largest financial services holding companies in the U.S. with $220.7 billion in assets and market capitalization of approximately $40.6 billion as of March 31, 2018. Based in Winston-Salem, N.C., BB&T operates more than 2,000 financial centers in 15 states and Washington, D.C. More information about BB&T and its full line of products and services is available at BBT.com. 
