- 324,143 square feet
- Greenville, SC
BB&T Real Estate Funding Serves as Lender for Greenville, SC Mixed-Use Office & Retail Property
Grandbridge Real Estate Capital announces the closing of a permanent loan secured by ONE Greenville, located in downtown Greenville, SC. The refinance loan was originated by Greenville Office Co-Managers, Bill Mattice and Phillip Cox, along with Paul McDonald, Transaction Manager. Grandbridge's proprietary lending platform, BB&T Real Estate Funding, served as the lender, and the non-recourse loan was structured with a 10-year term and a 25-year amortization, following an initial interest-only period.
Situated on 1.25 acres in the heart of Downtown Greenville, the property consists of two towers with approximately 325,000 square feet of Class A office, along with ground floor retail. The development was completed in conjunction with the City of Greenville's redevelopment of ONE City Plaza, a pedestrian-only city center. Amenities to the LEED Gold certified towers include a full-size gym with lockers and showers, internal loading docks, and outdoor verandas.
In addition to retail tenants such as Anthropologie, Brooks Brothers, and Orvis, the development features a next-generation, BB&T Retail Branch located on Main Street, and also houses Greenville's BB&T Commercial Team, BB&T Wealth, BB&T Scott & Stringfellow, and Grandbridge Real Estate Capital. Other tenants include Nelson Mullins, Fox Rothschild, and Ernst & Young.
About BB&T Real Estate Funding
BB&T Real Estate Funding (BBTREF), a wholly owned subsidiary of Grandbridge Real Estate Capital, offers both fixed and floating rate nonrecourse loan products for all major property types across the United States. The combination of BBTREF's responsiveness, reliability, structuring capabilities and pricing, combined with our knowledgeable professionals, makes it one of the strongest, most competitive nonrecourse lending products in the market. BBTREF’s permanent, fixed rate loan program offers some of the most attractive prepayment flexibility in the market by allowing its loans to be prepaid halfway through the loan term for only a 0.5% exit fee.
BB&T is one of the largest financial services holding companies in the US with $222.7 billion in assets and market capitalization of $39.1 billion as of June 30, 2018. BB&T offers a wide range of financial services including retail and commercial banking, investments, insurance, wealth management, asset management, mortgage, corporate banking, capital markets and specialized lending. Based in Winston-Salem, NC, BB&T operates over 1,900 financial centers in 15 states and Washington, DC, and is consistently recognized for outstanding client service by Greenwich Associates for small business and middle market banking. More information about BB&T and its full line of products and services is available at BBT.com(opens in a new tab).
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Loans are subject to credit approval.
BB&T Real Estate Funding is a subsidiary of Branch Banking and Trust Company(opens in a new tab), Member FDIC. Both are Equal Housing Lenders.
Branch Banking and Trust Company is now Truist Bank. Learn more(opens in a new tab)