Connecting ideas

capital and clients

Grandbridge Real Estate Capital

Corporate Profile ndash 2016

Excellence in Commercial Real Estate Finance

Connecting ideas

capital and clients

Connecting ideas capital and clients

Stable in our foundations and forward-thinking in our solutions through every market

cycle Grandbridge Real Estate Capital provides the vital link between clients and

capital

We have emerged as one of the nationrsquos largest full-service commercial and

multifamily mortgage banking companies because we understand the importance of

relationships

With a single point of contact we streamline the complexities of commercial lending

while increasing your access to a wide range of sound capital sources

Choose Grandbridge and experience the difference

Connecting ideas

capital and clients

Grandbridge National Scope

Based in Charlotte NC Grandbridge arranges permanent commercial and multifamily real estate

loans services loan portfolios and provides asset and portfolio management as well as real estate

brokerage services on a national basis operating loan origination offices in 23 cities

Our company has a broad capital provider base of more than 100 capital sources that includes

insurance companies CMBS investors pension fund advisors and commercial banks as well as

our proprietary lending platform and banking and capital markets capabilities of BBampT and its

corporate subsidiaries

Grandbridge is a Fannie Mae DUSreg (Delegated Underwriting and Servicing) lender a Freddie Mac

Program Plusreg SellerServicer and an active participant in FHA-insured loan products as a MAP-

approved multifamily lender and a LEAN-approved health care lender

Grandbridge is a SampP Strong rated servicer with a current servicing portfolio of more than $29

billion

Excellence in Commercial Real Estate Finance

Connecting ideas

capital and clients

Connecting ideas capital and clients

Stable in our foundations and forward-thinking in our solutions through every market

cycle Grandbridge Real Estate Capital provides the vital link between clients and

capital

We have emerged as one of the nationrsquos largest full-service commercial and

multifamily mortgage banking companies because we understand the importance of

relationships

With a single point of contact we streamline the complexities of commercial lending

while increasing your access to a wide range of sound capital sources

Choose Grandbridge and experience the difference

Connecting ideas

capital and clients

Grandbridge National Scope

Based in Charlotte NC Grandbridge arranges permanent commercial and multifamily real estate

loans services loan portfolios and provides asset and portfolio management as well as real estate

brokerage services on a national basis operating loan origination offices in 23 cities

Our company has a broad capital provider base of more than 100 capital sources that includes

insurance companies CMBS investors pension fund advisors and commercial banks as well as

our proprietary lending platform and banking and capital markets capabilities of BBampT and its

corporate subsidiaries

Grandbridge is a Fannie Mae DUSreg (Delegated Underwriting and Servicing) lender a Freddie Mac

Program Plusreg SellerServicer and an active participant in FHA-insured loan products as a MAP-

approved multifamily lender and a LEAN-approved health care lender

Grandbridge is a SampP Strong rated servicer with a current servicing portfolio of more than $29

billion

Connecting ideas

capital and clients

Connecting ideas capital and clients

Stable in our foundations and forward-thinking in our solutions through every market

cycle Grandbridge Real Estate Capital provides the vital link between clients and

capital

We have emerged as one of the nationrsquos largest full-service commercial and

multifamily mortgage banking companies because we understand the importance of

relationships

With a single point of contact we streamline the complexities of commercial lending

while increasing your access to a wide range of sound capital sources

Choose Grandbridge and experience the difference

Connecting ideas

capital and clients

Grandbridge National Scope

Based in Charlotte NC Grandbridge arranges permanent commercial and multifamily real estate

loans services loan portfolios and provides asset and portfolio management as well as real estate

brokerage services on a national basis operating loan origination offices in 23 cities

Our company has a broad capital provider base of more than 100 capital sources that includes

insurance companies CMBS investors pension fund advisors and commercial banks as well as

our proprietary lending platform and banking and capital markets capabilities of BBampT and its

corporate subsidiaries

Grandbridge is a Fannie Mae DUSreg (Delegated Underwriting and Servicing) lender a Freddie Mac

Program Plusreg SellerServicer and an active participant in FHA-insured loan products as a MAP-

approved multifamily lender and a LEAN-approved health care lender

Grandbridge is a SampP Strong rated servicer with a current servicing portfolio of more than $29

billion

Connecting ideas

capital and clients

Grandbridge National Scope

Based in Charlotte NC Grandbridge arranges permanent commercial and multifamily real estate

loans services loan portfolios and provides asset and portfolio management as well as real estate

brokerage services on a national basis operating loan origination offices in 23 cities

Our company has a broad capital provider base of more than 100 capital sources that includes

insurance companies CMBS investors pension fund advisors and commercial banks as well as

our proprietary lending platform and banking and capital markets capabilities of BBampT and its

corporate subsidiaries

Grandbridge is a Fannie Mae DUSreg (Delegated Underwriting and Servicing) lender a Freddie Mac

Program Plusreg SellerServicer and an active participant in FHA-insured loan products as a MAP-

approved multifamily lender and a LEAN-approved health care lender

Grandbridge is a SampP Strong rated servicer with a current servicing portfolio of more than $29

billion

Connecting ideas

capital and clients

Grandbridge Local Expertise

Grandbridgersquos origination platform is comprised of highly experienced loan origination

professionals throughout the country

We stand apart from other financial service firms because we believe local market expertise

an excellent understanding of the various property types and in-depth information on the national

commercial real estate environment enables us to provide superior capital solutions for our clients

Local market knowledge

National pipeline system that provides ―real time quote data points

A single point of contact ndash whether your transaction is local regional or national in scope

Excellence in underwriting closing and servicing

Unparalleled capital resources and capabilities

Connecting ideas

capital and clients

Grandbridge Regional Offices

Covering the Entire USAtlanta GA

Birmingham AL

Charleston SC

Charlotte NC

Columbus OH

Denver CO

Greenville SC

Houston TX

Indianapolis IN

Jacksonville FL

Kansas City MO

Los Angeles CA

Full-service offices in

Atlanta GA

Birmingham AL

Charlotte NC

Houston TX

Kansas City MO

Los Angeles CA

Minneapolis MN

Orlando FL

Servicing offices in

Atlanta GA (Seniors Housing amp Healthcare Finance)

Baltimore MD (FHA Underwriting)

Charlotte NC (BBampT Real Estate Funding)

Chicago IL (BBampT Real Estate Funding)

Dallas TX (BBampT Real Estate Funding)

Denver CO (FHA Underwriting)

Kansas City MO (FHA Underwriting and Production)

Specialty offices in

Miami FL

Minneapolis MN

Mobile AL

Naples FL

Norfolk VA

Orange County CA

Pittsburgh PA

Raleigh NC

San Diego CA

Tampa FL

Washington DC

Connecting ideas

capital and clients

Grandbridge Advantages

We Connect Clients with Capital ndash Nationwide

REITs Institutional Owners

Joint Venture Partners

Buyers and Sellers of Commercial Real Estate

Developers Owners and Investors

With the Following Advantages

Superior Capital Capabilities

Quick Underwriting and Market Analysis

Loan Terms Up to 40 Years

We Offer In-house PortfolioAsset Management Services

Asset Valuation and Administration

Market and Inspections Support

Efficient Closings

In-house Closing Coordination

Reliable Experienced Professionals

Property Inspections

Top-Ranked Loan Portfolio Management

Connecting ideas

capital and clients

Grandbridge Core Business

Financing Options

Grandbridgersquos broad capital and investor base enables us to originate loan requests from

$2 million to more than $350 million with competitive rates and a myriad of options for flexible

loan structures

Financing executions provided include

Permanent Mortgages

Construction Financing

Mezzanine Debt

ConstructionPerms (FHA and others)

Fixed and Adjustable Rate Loans

Sale and Leaseback Transactions

Interim Financing (for all property types

including acquisition and rehabilitation)

Forward Commitments

Taxable and Tax-Exempt Bond Placements

Supplemental Loans

Bridge and Structured Loans

Equity Placements

Participating Loans

Joint Ventures

Credit Tenant Lease Transactions

Connecting ideas

capital and clients

Grandbridge Value

Grandbridge is involved in all aspects of the capital structuring

process which includes

Coordinating investor due diligence and preparation of financing memorandum

Providing market and financial analysis

Structuring the transaction

Identifying prospective equity sources

Making the market among prospective debt and equity sources and driving a competitive

bidding process resulting in best terms and best transaction structures

Soliciting aggregating and analyzing prospective term sheets

Advising the client on preferred transaction structures and capital solutions

Negotiating on the clientrsquos behalf terms and conditions of investor applications or

commitments and other transaction documentation

Coordinating the closing process and providing closing support by working in conjunction

with the client clientrsquos counsel and investorrsquos counsel

Connecting ideas

capital and clients

Grandbridge Product Overview

BBampT through its affiliate Grandbridge Real Estate Capital LLC provides capital

solutions for the entire spectrum of commercial real estate financing needs to support the

acquisition and refinancing of income producing real estate throughout the country

Capital Capabilities

Fannie Mae DUSreg (Delegated Underwriting and Servicing)

Freddie Mac Program Plusreg and Seniors Housing FHA

Insurance Companies CMBSInvestment Banking BBampT

BBampT Capital Markets and BBampT Real Estate Funding LLC

(proprietary lending platform)

Property Types

Income-producing or owner-occupied properties that include

multifamily (apartments manufactured home communities

student housing seniors housing assisted andor independent

living and healthcare) retail (anchored and non-anchored

shopping centers single andor multi tenant big box lifestyle

centers malls) office (multi-tenant medical mixed-use) and

industrial (warehouse self-storage flex industrial parks bulk

office showroom office warehouse)

Fees

Usually an origination fee of 1 percent third-party report

(appraisal environmental engineering etc) fees and in

most cases property inspection andor underwriting fee

Terms

Up to 40 years

Amortization Schedules

Ten to 40 years depending on the property leases and

other characteristics of the transaction

Guaranty

Generally nonrecourse for financial default except normal

―carve outs for fraud bankruptcy environmental issues

etc

Cash Outs

Generally permitted

Connecting ideas

capital and clients

Grandbridge Product Overview continued

Location

Nationwide lending and capital markets platform

Ownership Requirements

Corporations LLCs partnerships limited TICs

Loan Amounts

$2 million and up preferred May consider smaller

loans for repeat clients Loan-to-Value usually 75

percent possible to go to 85 percent for some income-

producing properties (apartments shopping centers)

and single-tenant credit deals

Interest Rate

Fixed rate Usually the Treasury (commensurate with

the loan term) rate plus a spread (eg a 10-year loan

would be priced at the 10-year Treasury plus prevailing

spreads) Spread is quoted at time of application and

interest rates may be fixed at application commitment

or closing (Borrowers typically post a 2 percent to 3

percent deposit to lock the rate at the time of

application or commitment)

Reserve Requirements

Tax and insurance escrows are normally required

Replacement reserves andor tenant improvement and

lease commission reserves may be required

Prepayment Options

Flexible prepayment structures are available as well as

options that include (locked out) for a portion of the loan

term after which the loan may be prepaid subject to a Yield

Maintenance prepayment premium a Structured

prepayment premium or Defeasance Typically loans may

be prepaid at par within the final three to six months of the

loan term

Connecting ideas

capital and clients

Why Choose Grandbridge Real Estate Capital

With a philosophy based on our valuesmdashproductivity teamwork honesty justice integrity reality reason independent thinking

self-esteem and pridemdashGrandbridge stands apart from its competitors

Solid Core Values

Today Grandbridge is a part of one of the nationrsquos largest ndash and most successful ndash financial holding companies However we

retain our appreciation of the entrepreneurial spirit of local businesses

We bring the experience and scale that is part of being part of one of the nationrsquos largest financial institutions and deliver those

capabilities one-on-one through our professional loan professionals to clients of all sizes and industries from coast to coast

Face-to-Face Local Decision Making

We consistently deliver the resources products insight and expertise t needed o help clients achieve economic success and

financial security

Consistency

We provide our commercial and corporate clients a true relationship manager who can structure and implement solutions tailored

to each clientrsquos business ndash a connection that can be counted on for a consistent dependable responsive experience one that has

become rare in commercial real estate finance today

Relationship Management

In addition to a comprehensive array of products and services we offer our clients Nationwide lending and capital markets platform

Market Coverage

Connecting ideas

capital and clients

Grandbridge 2015 Production

Grandbridge originated and closed 741 commercial

and multifamily loans in 41 states and Washington

DC totaling $7012353042

As a national full-service leader in commercial and

multifamily finance we offer our clients a wide range

of capital sources that includes insurance

companies CMBS pension fund advisors

commercial banks and our own proprietary lending

platform as well as Fannie Mae DUSreg Freddie Mac

Program Plusreg and FHA-insured MAP and LEAN

loan products

By Property Type

By Investor Type

Count Property Type Loan Amount

312 Multifamily $3763281399

162 Retail $1005866625

84 Office $688693158

85 Industrial $653422380

27 Hospitality $296397000

9 Seniors Housing $192026226

26 Other $187875054

13 Mixed-Use $118045000

23 Self-Storage $106746200

741 $7012353042

Count Investor Type Loan Amount

317 Insurance $2299632238

146 Agency $1935597603

167 Bank $1721075826

76 CMBS $807980250

35 Other $248067125

741 $7012353042

Connecting ideas

capital and clients

Grandbridge Regional Offices

Covering the Entire USAtlanta GA

Birmingham AL

Charleston SC

Charlotte NC

Columbus OH

Denver CO

Greenville SC

Houston TX

Indianapolis IN

Jacksonville FL

Kansas City MO

Los Angeles CA

Full-service offices in

Atlanta GA

Birmingham AL

Charlotte NC

Houston TX

Kansas City MO

Los Angeles CA

Minneapolis MN

Orlando FL

Servicing offices in

Atlanta GA (Seniors Housing amp Healthcare Finance)

Baltimore MD (FHA Underwriting)

Charlotte NC (BBampT Real Estate Funding)

Chicago IL (BBampT Real Estate Funding)

Dallas TX (BBampT Real Estate Funding)

Denver CO (FHA Underwriting)

Kansas City MO (FHA Underwriting and Production)

Specialty offices in

Miami FL

Minneapolis MN

Mobile AL

Naples FL

Norfolk VA

Orange County CA

Pittsburgh PA

Raleigh NC

San Diego CA

Tampa FL

Washington DC

Connecting ideas

capital and clients

Grandbridge Advantages

We Connect Clients with Capital ndash Nationwide

REITs Institutional Owners

Joint Venture Partners

Buyers and Sellers of Commercial Real Estate

Developers Owners and Investors

With the Following Advantages

Superior Capital Capabilities

Quick Underwriting and Market Analysis

Loan Terms Up to 40 Years

We Offer In-house PortfolioAsset Management Services

Asset Valuation and Administration

Market and Inspections Support

Efficient Closings

In-house Closing Coordination

Reliable Experienced Professionals

Property Inspections

Top-Ranked Loan Portfolio Management

Connecting ideas

capital and clients

Grandbridge Core Business

Financing Options

Grandbridgersquos broad capital and investor base enables us to originate loan requests from

$2 million to more than $350 million with competitive rates and a myriad of options for flexible

loan structures

Financing executions provided include

Permanent Mortgages

Construction Financing

Mezzanine Debt

ConstructionPerms (FHA and others)

Fixed and Adjustable Rate Loans

Sale and Leaseback Transactions

Interim Financing (for all property types

including acquisition and rehabilitation)

Forward Commitments

Taxable and Tax-Exempt Bond Placements

Supplemental Loans

Bridge and Structured Loans

Equity Placements

Participating Loans

Joint Ventures

Credit Tenant Lease Transactions

Connecting ideas

capital and clients

Grandbridge Value

Grandbridge is involved in all aspects of the capital structuring

process which includes

Coordinating investor due diligence and preparation of financing memorandum

Providing market and financial analysis

Structuring the transaction

Identifying prospective equity sources

Making the market among prospective debt and equity sources and driving a competitive

bidding process resulting in best terms and best transaction structures

Soliciting aggregating and analyzing prospective term sheets

Advising the client on preferred transaction structures and capital solutions

Negotiating on the clientrsquos behalf terms and conditions of investor applications or

commitments and other transaction documentation

Coordinating the closing process and providing closing support by working in conjunction

with the client clientrsquos counsel and investorrsquos counsel

Connecting ideas

capital and clients

Grandbridge Product Overview

BBampT through its affiliate Grandbridge Real Estate Capital LLC provides capital

solutions for the entire spectrum of commercial real estate financing needs to support the

acquisition and refinancing of income producing real estate throughout the country

Capital Capabilities

Fannie Mae DUSreg (Delegated Underwriting and Servicing)

Freddie Mac Program Plusreg and Seniors Housing FHA

Insurance Companies CMBSInvestment Banking BBampT

BBampT Capital Markets and BBampT Real Estate Funding LLC

(proprietary lending platform)

Property Types

Income-producing or owner-occupied properties that include

multifamily (apartments manufactured home communities

student housing seniors housing assisted andor independent

living and healthcare) retail (anchored and non-anchored

shopping centers single andor multi tenant big box lifestyle

centers malls) office (multi-tenant medical mixed-use) and

industrial (warehouse self-storage flex industrial parks bulk

office showroom office warehouse)

Fees

Usually an origination fee of 1 percent third-party report

(appraisal environmental engineering etc) fees and in

most cases property inspection andor underwriting fee

Terms

Up to 40 years

Amortization Schedules

Ten to 40 years depending on the property leases and

other characteristics of the transaction

Guaranty

Generally nonrecourse for financial default except normal

―carve outs for fraud bankruptcy environmental issues

etc

Cash Outs

Generally permitted

Connecting ideas

capital and clients

Grandbridge Product Overview continued

Location

Nationwide lending and capital markets platform

Ownership Requirements

Corporations LLCs partnerships limited TICs

Loan Amounts

$2 million and up preferred May consider smaller

loans for repeat clients Loan-to-Value usually 75

percent possible to go to 85 percent for some income-

producing properties (apartments shopping centers)

and single-tenant credit deals

Interest Rate

Fixed rate Usually the Treasury (commensurate with

the loan term) rate plus a spread (eg a 10-year loan

would be priced at the 10-year Treasury plus prevailing

spreads) Spread is quoted at time of application and

interest rates may be fixed at application commitment

or closing (Borrowers typically post a 2 percent to 3

percent deposit to lock the rate at the time of

application or commitment)

Reserve Requirements

Tax and insurance escrows are normally required

Replacement reserves andor tenant improvement and

lease commission reserves may be required

Prepayment Options

Flexible prepayment structures are available as well as

options that include (locked out) for a portion of the loan

term after which the loan may be prepaid subject to a Yield

Maintenance prepayment premium a Structured

prepayment premium or Defeasance Typically loans may

be prepaid at par within the final three to six months of the

loan term

Connecting ideas

capital and clients

Why Choose Grandbridge Real Estate Capital

With a philosophy based on our valuesmdashproductivity teamwork honesty justice integrity reality reason independent thinking

self-esteem and pridemdashGrandbridge stands apart from its competitors

Solid Core Values

Today Grandbridge is a part of one of the nationrsquos largest ndash and most successful ndash financial holding companies However we

retain our appreciation of the entrepreneurial spirit of local businesses

We bring the experience and scale that is part of being part of one of the nationrsquos largest financial institutions and deliver those

capabilities one-on-one through our professional loan professionals to clients of all sizes and industries from coast to coast

Face-to-Face Local Decision Making

We consistently deliver the resources products insight and expertise t needed o help clients achieve economic success and

financial security

Consistency

We provide our commercial and corporate clients a true relationship manager who can structure and implement solutions tailored

to each clientrsquos business ndash a connection that can be counted on for a consistent dependable responsive experience one that has

become rare in commercial real estate finance today

Relationship Management

In addition to a comprehensive array of products and services we offer our clients Nationwide lending and capital markets platform

Market Coverage

Connecting ideas

capital and clients

Grandbridge 2015 Production

Grandbridge originated and closed 741 commercial

and multifamily loans in 41 states and Washington

DC totaling $7012353042

As a national full-service leader in commercial and

multifamily finance we offer our clients a wide range

of capital sources that includes insurance

companies CMBS pension fund advisors

commercial banks and our own proprietary lending

platform as well as Fannie Mae DUSreg Freddie Mac

Program Plusreg and FHA-insured MAP and LEAN

loan products

By Property Type

By Investor Type

Count Property Type Loan Amount

312 Multifamily $3763281399

162 Retail $1005866625

84 Office $688693158

85 Industrial $653422380

27 Hospitality $296397000

9 Seniors Housing $192026226

26 Other $187875054

13 Mixed-Use $118045000

23 Self-Storage $106746200

741 $7012353042

Count Investor Type Loan Amount

317 Insurance $2299632238

146 Agency $1935597603

167 Bank $1721075826

76 CMBS $807980250

35 Other $248067125

741 $7012353042

Connecting ideas

capital and clients

Grandbridge Advantages

We Connect Clients with Capital ndash Nationwide

REITs Institutional Owners

Joint Venture Partners

Buyers and Sellers of Commercial Real Estate

Developers Owners and Investors

With the Following Advantages

Superior Capital Capabilities

Quick Underwriting and Market Analysis

Loan Terms Up to 40 Years

We Offer In-house PortfolioAsset Management Services

Asset Valuation and Administration

Market and Inspections Support

Efficient Closings

In-house Closing Coordination

Reliable Experienced Professionals

Property Inspections

Top-Ranked Loan Portfolio Management

Connecting ideas

capital and clients

Grandbridge Core Business

Financing Options

Grandbridgersquos broad capital and investor base enables us to originate loan requests from

$2 million to more than $350 million with competitive rates and a myriad of options for flexible

loan structures

Financing executions provided include

Permanent Mortgages

Construction Financing

Mezzanine Debt

ConstructionPerms (FHA and others)

Fixed and Adjustable Rate Loans

Sale and Leaseback Transactions

Interim Financing (for all property types

including acquisition and rehabilitation)

Forward Commitments

Taxable and Tax-Exempt Bond Placements

Supplemental Loans

Bridge and Structured Loans

Equity Placements

Participating Loans

Joint Ventures

Credit Tenant Lease Transactions

Connecting ideas

capital and clients

Grandbridge Value

Grandbridge is involved in all aspects of the capital structuring

process which includes

Coordinating investor due diligence and preparation of financing memorandum

Providing market and financial analysis

Structuring the transaction

Identifying prospective equity sources

Making the market among prospective debt and equity sources and driving a competitive

bidding process resulting in best terms and best transaction structures

Soliciting aggregating and analyzing prospective term sheets

Advising the client on preferred transaction structures and capital solutions

Negotiating on the clientrsquos behalf terms and conditions of investor applications or

commitments and other transaction documentation

Coordinating the closing process and providing closing support by working in conjunction

with the client clientrsquos counsel and investorrsquos counsel

Connecting ideas

capital and clients

Grandbridge Product Overview

BBampT through its affiliate Grandbridge Real Estate Capital LLC provides capital

solutions for the entire spectrum of commercial real estate financing needs to support the

acquisition and refinancing of income producing real estate throughout the country

Capital Capabilities

Fannie Mae DUSreg (Delegated Underwriting and Servicing)

Freddie Mac Program Plusreg and Seniors Housing FHA

Insurance Companies CMBSInvestment Banking BBampT

BBampT Capital Markets and BBampT Real Estate Funding LLC

(proprietary lending platform)

Property Types

Income-producing or owner-occupied properties that include

multifamily (apartments manufactured home communities

student housing seniors housing assisted andor independent

living and healthcare) retail (anchored and non-anchored

shopping centers single andor multi tenant big box lifestyle

centers malls) office (multi-tenant medical mixed-use) and

industrial (warehouse self-storage flex industrial parks bulk

office showroom office warehouse)

Fees

Usually an origination fee of 1 percent third-party report

(appraisal environmental engineering etc) fees and in

most cases property inspection andor underwriting fee

Terms

Up to 40 years

Amortization Schedules

Ten to 40 years depending on the property leases and

other characteristics of the transaction

Guaranty

Generally nonrecourse for financial default except normal

―carve outs for fraud bankruptcy environmental issues

etc

Cash Outs

Generally permitted

Connecting ideas

capital and clients

Grandbridge Product Overview continued

Location

Nationwide lending and capital markets platform

Ownership Requirements

Corporations LLCs partnerships limited TICs

Loan Amounts

$2 million and up preferred May consider smaller

loans for repeat clients Loan-to-Value usually 75

percent possible to go to 85 percent for some income-

producing properties (apartments shopping centers)

and single-tenant credit deals

Interest Rate

Fixed rate Usually the Treasury (commensurate with

the loan term) rate plus a spread (eg a 10-year loan

would be priced at the 10-year Treasury plus prevailing

spreads) Spread is quoted at time of application and

interest rates may be fixed at application commitment

or closing (Borrowers typically post a 2 percent to 3

percent deposit to lock the rate at the time of

application or commitment)

Reserve Requirements

Tax and insurance escrows are normally required

Replacement reserves andor tenant improvement and

lease commission reserves may be required

Prepayment Options

Flexible prepayment structures are available as well as

options that include (locked out) for a portion of the loan

term after which the loan may be prepaid subject to a Yield

Maintenance prepayment premium a Structured

prepayment premium or Defeasance Typically loans may

be prepaid at par within the final three to six months of the

loan term

Connecting ideas

capital and clients

Why Choose Grandbridge Real Estate Capital

With a philosophy based on our valuesmdashproductivity teamwork honesty justice integrity reality reason independent thinking

self-esteem and pridemdashGrandbridge stands apart from its competitors

Solid Core Values

Today Grandbridge is a part of one of the nationrsquos largest ndash and most successful ndash financial holding companies However we

retain our appreciation of the entrepreneurial spirit of local businesses

We bring the experience and scale that is part of being part of one of the nationrsquos largest financial institutions and deliver those

capabilities one-on-one through our professional loan professionals to clients of all sizes and industries from coast to coast

Face-to-Face Local Decision Making

We consistently deliver the resources products insight and expertise t needed o help clients achieve economic success and

financial security

Consistency

We provide our commercial and corporate clients a true relationship manager who can structure and implement solutions tailored

to each clientrsquos business ndash a connection that can be counted on for a consistent dependable responsive experience one that has

become rare in commercial real estate finance today

Relationship Management

In addition to a comprehensive array of products and services we offer our clients Nationwide lending and capital markets platform

Market Coverage

Connecting ideas

capital and clients

Grandbridge 2015 Production

Grandbridge originated and closed 741 commercial

and multifamily loans in 41 states and Washington

DC totaling $7012353042

As a national full-service leader in commercial and

multifamily finance we offer our clients a wide range

of capital sources that includes insurance

companies CMBS pension fund advisors

commercial banks and our own proprietary lending

platform as well as Fannie Mae DUSreg Freddie Mac

Program Plusreg and FHA-insured MAP and LEAN

loan products

By Property Type

By Investor Type

Count Property Type Loan Amount

312 Multifamily $3763281399

162 Retail $1005866625

84 Office $688693158

85 Industrial $653422380

27 Hospitality $296397000

9 Seniors Housing $192026226

26 Other $187875054

13 Mixed-Use $118045000

23 Self-Storage $106746200

741 $7012353042

Count Investor Type Loan Amount

317 Insurance $2299632238

146 Agency $1935597603

167 Bank $1721075826

76 CMBS $807980250

35 Other $248067125

741 $7012353042

Connecting ideas

capital and clients

Grandbridge Core Business

Financing Options

Grandbridgersquos broad capital and investor base enables us to originate loan requests from

$2 million to more than $350 million with competitive rates and a myriad of options for flexible

loan structures

Financing executions provided include

Permanent Mortgages

Construction Financing

Mezzanine Debt

ConstructionPerms (FHA and others)

Fixed and Adjustable Rate Loans

Sale and Leaseback Transactions

Interim Financing (for all property types

including acquisition and rehabilitation)

Forward Commitments

Taxable and Tax-Exempt Bond Placements

Supplemental Loans

Bridge and Structured Loans

Equity Placements

Participating Loans

Joint Ventures

Credit Tenant Lease Transactions

Connecting ideas

capital and clients

Grandbridge Value

Grandbridge is involved in all aspects of the capital structuring

process which includes

Coordinating investor due diligence and preparation of financing memorandum

Providing market and financial analysis

Structuring the transaction

Identifying prospective equity sources

Making the market among prospective debt and equity sources and driving a competitive

bidding process resulting in best terms and best transaction structures

Soliciting aggregating and analyzing prospective term sheets

Advising the client on preferred transaction structures and capital solutions

Negotiating on the clientrsquos behalf terms and conditions of investor applications or

commitments and other transaction documentation

Coordinating the closing process and providing closing support by working in conjunction

with the client clientrsquos counsel and investorrsquos counsel

Connecting ideas

capital and clients

Grandbridge Product Overview

BBampT through its affiliate Grandbridge Real Estate Capital LLC provides capital

solutions for the entire spectrum of commercial real estate financing needs to support the

acquisition and refinancing of income producing real estate throughout the country

Capital Capabilities

Fannie Mae DUSreg (Delegated Underwriting and Servicing)

Freddie Mac Program Plusreg and Seniors Housing FHA

Insurance Companies CMBSInvestment Banking BBampT

BBampT Capital Markets and BBampT Real Estate Funding LLC

(proprietary lending platform)

Property Types

Income-producing or owner-occupied properties that include

multifamily (apartments manufactured home communities

student housing seniors housing assisted andor independent

living and healthcare) retail (anchored and non-anchored

shopping centers single andor multi tenant big box lifestyle

centers malls) office (multi-tenant medical mixed-use) and

industrial (warehouse self-storage flex industrial parks bulk

office showroom office warehouse)

Fees

Usually an origination fee of 1 percent third-party report

(appraisal environmental engineering etc) fees and in

most cases property inspection andor underwriting fee

Terms

Up to 40 years

Amortization Schedules

Ten to 40 years depending on the property leases and

other characteristics of the transaction

Guaranty

Generally nonrecourse for financial default except normal

―carve outs for fraud bankruptcy environmental issues

etc

Cash Outs

Generally permitted

Connecting ideas

capital and clients

Grandbridge Product Overview continued

Location

Nationwide lending and capital markets platform

Ownership Requirements

Corporations LLCs partnerships limited TICs

Loan Amounts

$2 million and up preferred May consider smaller

loans for repeat clients Loan-to-Value usually 75

percent possible to go to 85 percent for some income-

producing properties (apartments shopping centers)

and single-tenant credit deals

Interest Rate

Fixed rate Usually the Treasury (commensurate with

the loan term) rate plus a spread (eg a 10-year loan

would be priced at the 10-year Treasury plus prevailing

spreads) Spread is quoted at time of application and

interest rates may be fixed at application commitment

or closing (Borrowers typically post a 2 percent to 3

percent deposit to lock the rate at the time of

application or commitment)

Reserve Requirements

Tax and insurance escrows are normally required

Replacement reserves andor tenant improvement and

lease commission reserves may be required

Prepayment Options

Flexible prepayment structures are available as well as

options that include (locked out) for a portion of the loan

term after which the loan may be prepaid subject to a Yield

Maintenance prepayment premium a Structured

prepayment premium or Defeasance Typically loans may

be prepaid at par within the final three to six months of the

loan term

Connecting ideas

capital and clients

Why Choose Grandbridge Real Estate Capital

With a philosophy based on our valuesmdashproductivity teamwork honesty justice integrity reality reason independent thinking

self-esteem and pridemdashGrandbridge stands apart from its competitors

Solid Core Values

Today Grandbridge is a part of one of the nationrsquos largest ndash and most successful ndash financial holding companies However we

retain our appreciation of the entrepreneurial spirit of local businesses

We bring the experience and scale that is part of being part of one of the nationrsquos largest financial institutions and deliver those

capabilities one-on-one through our professional loan professionals to clients of all sizes and industries from coast to coast

Face-to-Face Local Decision Making

We consistently deliver the resources products insight and expertise t needed o help clients achieve economic success and

financial security

Consistency

We provide our commercial and corporate clients a true relationship manager who can structure and implement solutions tailored

to each clientrsquos business ndash a connection that can be counted on for a consistent dependable responsive experience one that has

become rare in commercial real estate finance today

Relationship Management

In addition to a comprehensive array of products and services we offer our clients Nationwide lending and capital markets platform

Market Coverage

Connecting ideas

capital and clients

Grandbridge 2015 Production

Grandbridge originated and closed 741 commercial

and multifamily loans in 41 states and Washington

DC totaling $7012353042

As a national full-service leader in commercial and

multifamily finance we offer our clients a wide range

of capital sources that includes insurance

companies CMBS pension fund advisors

commercial banks and our own proprietary lending

platform as well as Fannie Mae DUSreg Freddie Mac

Program Plusreg and FHA-insured MAP and LEAN

loan products

By Property Type

By Investor Type

Count Property Type Loan Amount

312 Multifamily $3763281399

162 Retail $1005866625

84 Office $688693158

85 Industrial $653422380

27 Hospitality $296397000

9 Seniors Housing $192026226

26 Other $187875054

13 Mixed-Use $118045000

23 Self-Storage $106746200

741 $7012353042

Count Investor Type Loan Amount

317 Insurance $2299632238

146 Agency $1935597603

167 Bank $1721075826

76 CMBS $807980250

35 Other $248067125

741 $7012353042

Connecting ideas

capital and clients

Grandbridge Value

Grandbridge is involved in all aspects of the capital structuring

process which includes

Coordinating investor due diligence and preparation of financing memorandum

Providing market and financial analysis

Structuring the transaction

Identifying prospective equity sources

Making the market among prospective debt and equity sources and driving a competitive

bidding process resulting in best terms and best transaction structures

Soliciting aggregating and analyzing prospective term sheets

Advising the client on preferred transaction structures and capital solutions

Negotiating on the clientrsquos behalf terms and conditions of investor applications or

commitments and other transaction documentation

Coordinating the closing process and providing closing support by working in conjunction

with the client clientrsquos counsel and investorrsquos counsel

Connecting ideas

capital and clients

Grandbridge Product Overview

BBampT through its affiliate Grandbridge Real Estate Capital LLC provides capital

solutions for the entire spectrum of commercial real estate financing needs to support the

acquisition and refinancing of income producing real estate throughout the country

Capital Capabilities

Fannie Mae DUSreg (Delegated Underwriting and Servicing)

Freddie Mac Program Plusreg and Seniors Housing FHA

Insurance Companies CMBSInvestment Banking BBampT

BBampT Capital Markets and BBampT Real Estate Funding LLC

(proprietary lending platform)

Property Types

Income-producing or owner-occupied properties that include

multifamily (apartments manufactured home communities

student housing seniors housing assisted andor independent

living and healthcare) retail (anchored and non-anchored

shopping centers single andor multi tenant big box lifestyle

centers malls) office (multi-tenant medical mixed-use) and

industrial (warehouse self-storage flex industrial parks bulk

office showroom office warehouse)

Fees

Usually an origination fee of 1 percent third-party report

(appraisal environmental engineering etc) fees and in

most cases property inspection andor underwriting fee

Terms

Up to 40 years

Amortization Schedules

Ten to 40 years depending on the property leases and

other characteristics of the transaction

Guaranty

Generally nonrecourse for financial default except normal

―carve outs for fraud bankruptcy environmental issues

etc

Cash Outs

Generally permitted

Connecting ideas

capital and clients

Grandbridge Product Overview continued

Location

Nationwide lending and capital markets platform

Ownership Requirements

Corporations LLCs partnerships limited TICs

Loan Amounts

$2 million and up preferred May consider smaller

loans for repeat clients Loan-to-Value usually 75

percent possible to go to 85 percent for some income-

producing properties (apartments shopping centers)

and single-tenant credit deals

Interest Rate

Fixed rate Usually the Treasury (commensurate with

the loan term) rate plus a spread (eg a 10-year loan

would be priced at the 10-year Treasury plus prevailing

spreads) Spread is quoted at time of application and

interest rates may be fixed at application commitment

or closing (Borrowers typically post a 2 percent to 3

percent deposit to lock the rate at the time of

application or commitment)

Reserve Requirements

Tax and insurance escrows are normally required

Replacement reserves andor tenant improvement and

lease commission reserves may be required

Prepayment Options

Flexible prepayment structures are available as well as

options that include (locked out) for a portion of the loan

term after which the loan may be prepaid subject to a Yield

Maintenance prepayment premium a Structured

prepayment premium or Defeasance Typically loans may

be prepaid at par within the final three to six months of the

loan term

Connecting ideas

capital and clients

Why Choose Grandbridge Real Estate Capital

With a philosophy based on our valuesmdashproductivity teamwork honesty justice integrity reality reason independent thinking

self-esteem and pridemdashGrandbridge stands apart from its competitors

Solid Core Values

Today Grandbridge is a part of one of the nationrsquos largest ndash and most successful ndash financial holding companies However we

retain our appreciation of the entrepreneurial spirit of local businesses

We bring the experience and scale that is part of being part of one of the nationrsquos largest financial institutions and deliver those

capabilities one-on-one through our professional loan professionals to clients of all sizes and industries from coast to coast

Face-to-Face Local Decision Making

We consistently deliver the resources products insight and expertise t needed o help clients achieve economic success and

financial security

Consistency

We provide our commercial and corporate clients a true relationship manager who can structure and implement solutions tailored

to each clientrsquos business ndash a connection that can be counted on for a consistent dependable responsive experience one that has

become rare in commercial real estate finance today

Relationship Management

In addition to a comprehensive array of products and services we offer our clients Nationwide lending and capital markets platform

Market Coverage

Connecting ideas

capital and clients

Grandbridge 2015 Production

Grandbridge originated and closed 741 commercial

and multifamily loans in 41 states and Washington

DC totaling $7012353042

As a national full-service leader in commercial and

multifamily finance we offer our clients a wide range

of capital sources that includes insurance

companies CMBS pension fund advisors

commercial banks and our own proprietary lending

platform as well as Fannie Mae DUSreg Freddie Mac

Program Plusreg and FHA-insured MAP and LEAN

loan products

By Property Type

By Investor Type

Count Property Type Loan Amount

312 Multifamily $3763281399

162 Retail $1005866625

84 Office $688693158

85 Industrial $653422380

27 Hospitality $296397000

9 Seniors Housing $192026226

26 Other $187875054

13 Mixed-Use $118045000

23 Self-Storage $106746200

741 $7012353042

Count Investor Type Loan Amount

317 Insurance $2299632238

146 Agency $1935597603

167 Bank $1721075826

76 CMBS $807980250

35 Other $248067125

741 $7012353042

Connecting ideas

capital and clients

Grandbridge Product Overview

BBampT through its affiliate Grandbridge Real Estate Capital LLC provides capital

solutions for the entire spectrum of commercial real estate financing needs to support the

acquisition and refinancing of income producing real estate throughout the country

Capital Capabilities

Fannie Mae DUSreg (Delegated Underwriting and Servicing)

Freddie Mac Program Plusreg and Seniors Housing FHA

Insurance Companies CMBSInvestment Banking BBampT

BBampT Capital Markets and BBampT Real Estate Funding LLC

(proprietary lending platform)

Property Types

Income-producing or owner-occupied properties that include

multifamily (apartments manufactured home communities

student housing seniors housing assisted andor independent

living and healthcare) retail (anchored and non-anchored

shopping centers single andor multi tenant big box lifestyle

centers malls) office (multi-tenant medical mixed-use) and

industrial (warehouse self-storage flex industrial parks bulk

office showroom office warehouse)

Fees

Usually an origination fee of 1 percent third-party report

(appraisal environmental engineering etc) fees and in

most cases property inspection andor underwriting fee

Terms

Up to 40 years

Amortization Schedules

Ten to 40 years depending on the property leases and

other characteristics of the transaction

Guaranty

Generally nonrecourse for financial default except normal

―carve outs for fraud bankruptcy environmental issues

etc

Cash Outs

Generally permitted

Connecting ideas

capital and clients

Grandbridge Product Overview continued

Location

Nationwide lending and capital markets platform

Ownership Requirements

Corporations LLCs partnerships limited TICs

Loan Amounts

$2 million and up preferred May consider smaller

loans for repeat clients Loan-to-Value usually 75

percent possible to go to 85 percent for some income-

producing properties (apartments shopping centers)

and single-tenant credit deals

Interest Rate

Fixed rate Usually the Treasury (commensurate with

the loan term) rate plus a spread (eg a 10-year loan

would be priced at the 10-year Treasury plus prevailing

spreads) Spread is quoted at time of application and

interest rates may be fixed at application commitment

or closing (Borrowers typically post a 2 percent to 3

percent deposit to lock the rate at the time of

application or commitment)

Reserve Requirements

Tax and insurance escrows are normally required

Replacement reserves andor tenant improvement and

lease commission reserves may be required

Prepayment Options

Flexible prepayment structures are available as well as

options that include (locked out) for a portion of the loan

term after which the loan may be prepaid subject to a Yield

Maintenance prepayment premium a Structured

prepayment premium or Defeasance Typically loans may

be prepaid at par within the final three to six months of the

loan term

Connecting ideas

capital and clients

Why Choose Grandbridge Real Estate Capital

With a philosophy based on our valuesmdashproductivity teamwork honesty justice integrity reality reason independent thinking

self-esteem and pridemdashGrandbridge stands apart from its competitors

Solid Core Values

Today Grandbridge is a part of one of the nationrsquos largest ndash and most successful ndash financial holding companies However we

retain our appreciation of the entrepreneurial spirit of local businesses

We bring the experience and scale that is part of being part of one of the nationrsquos largest financial institutions and deliver those

capabilities one-on-one through our professional loan professionals to clients of all sizes and industries from coast to coast

Face-to-Face Local Decision Making

We consistently deliver the resources products insight and expertise t needed o help clients achieve economic success and

financial security

Consistency

We provide our commercial and corporate clients a true relationship manager who can structure and implement solutions tailored

to each clientrsquos business ndash a connection that can be counted on for a consistent dependable responsive experience one that has

become rare in commercial real estate finance today

Relationship Management

In addition to a comprehensive array of products and services we offer our clients Nationwide lending and capital markets platform

Market Coverage

Connecting ideas

capital and clients

Grandbridge 2015 Production

Grandbridge originated and closed 741 commercial

and multifamily loans in 41 states and Washington

DC totaling $7012353042

As a national full-service leader in commercial and

multifamily finance we offer our clients a wide range

of capital sources that includes insurance

companies CMBS pension fund advisors

commercial banks and our own proprietary lending

platform as well as Fannie Mae DUSreg Freddie Mac

Program Plusreg and FHA-insured MAP and LEAN

loan products

By Property Type

By Investor Type

Count Property Type Loan Amount

312 Multifamily $3763281399

162 Retail $1005866625

84 Office $688693158

85 Industrial $653422380

27 Hospitality $296397000

9 Seniors Housing $192026226

26 Other $187875054

13 Mixed-Use $118045000

23 Self-Storage $106746200

741 $7012353042

Count Investor Type Loan Amount

317 Insurance $2299632238

146 Agency $1935597603

167 Bank $1721075826

76 CMBS $807980250

35 Other $248067125

741 $7012353042

Connecting ideas

capital and clients

Grandbridge Product Overview continued

Location

Nationwide lending and capital markets platform

Ownership Requirements

Corporations LLCs partnerships limited TICs

Loan Amounts

$2 million and up preferred May consider smaller

loans for repeat clients Loan-to-Value usually 75

percent possible to go to 85 percent for some income-

producing properties (apartments shopping centers)

and single-tenant credit deals

Interest Rate

Fixed rate Usually the Treasury (commensurate with

the loan term) rate plus a spread (eg a 10-year loan

would be priced at the 10-year Treasury plus prevailing

spreads) Spread is quoted at time of application and

interest rates may be fixed at application commitment

or closing (Borrowers typically post a 2 percent to 3

percent deposit to lock the rate at the time of

application or commitment)

Reserve Requirements

Tax and insurance escrows are normally required

Replacement reserves andor tenant improvement and

lease commission reserves may be required

Prepayment Options

Flexible prepayment structures are available as well as

options that include (locked out) for a portion of the loan

term after which the loan may be prepaid subject to a Yield

Maintenance prepayment premium a Structured

prepayment premium or Defeasance Typically loans may

be prepaid at par within the final three to six months of the

loan term

Connecting ideas

capital and clients

Why Choose Grandbridge Real Estate Capital

With a philosophy based on our valuesmdashproductivity teamwork honesty justice integrity reality reason independent thinking

self-esteem and pridemdashGrandbridge stands apart from its competitors

Solid Core Values

Today Grandbridge is a part of one of the nationrsquos largest ndash and most successful ndash financial holding companies However we

retain our appreciation of the entrepreneurial spirit of local businesses

We bring the experience and scale that is part of being part of one of the nationrsquos largest financial institutions and deliver those

capabilities one-on-one through our professional loan professionals to clients of all sizes and industries from coast to coast

Face-to-Face Local Decision Making

We consistently deliver the resources products insight and expertise t needed o help clients achieve economic success and

financial security

Consistency

We provide our commercial and corporate clients a true relationship manager who can structure and implement solutions tailored

to each clientrsquos business ndash a connection that can be counted on for a consistent dependable responsive experience one that has

become rare in commercial real estate finance today

Relationship Management

In addition to a comprehensive array of products and services we offer our clients Nationwide lending and capital markets platform

Market Coverage

Connecting ideas

capital and clients

Grandbridge 2015 Production

Grandbridge originated and closed 741 commercial

and multifamily loans in 41 states and Washington

DC totaling $7012353042

As a national full-service leader in commercial and

multifamily finance we offer our clients a wide range

of capital sources that includes insurance

companies CMBS pension fund advisors

commercial banks and our own proprietary lending

platform as well as Fannie Mae DUSreg Freddie Mac

Program Plusreg and FHA-insured MAP and LEAN

loan products

By Property Type

By Investor Type

Count Property Type Loan Amount

312 Multifamily $3763281399

162 Retail $1005866625

84 Office $688693158

85 Industrial $653422380

27 Hospitality $296397000

9 Seniors Housing $192026226

26 Other $187875054

13 Mixed-Use $118045000

23 Self-Storage $106746200

741 $7012353042

Count Investor Type Loan Amount

317 Insurance $2299632238

146 Agency $1935597603

167 Bank $1721075826

76 CMBS $807980250

35 Other $248067125

741 $7012353042

Connecting ideas

capital and clients

Why Choose Grandbridge Real Estate Capital

With a philosophy based on our valuesmdashproductivity teamwork honesty justice integrity reality reason independent thinking

self-esteem and pridemdashGrandbridge stands apart from its competitors

Solid Core Values

Today Grandbridge is a part of one of the nationrsquos largest ndash and most successful ndash financial holding companies However we

retain our appreciation of the entrepreneurial spirit of local businesses

We bring the experience and scale that is part of being part of one of the nationrsquos largest financial institutions and deliver those

capabilities one-on-one through our professional loan professionals to clients of all sizes and industries from coast to coast

Face-to-Face Local Decision Making

We consistently deliver the resources products insight and expertise t needed o help clients achieve economic success and

financial security

Consistency

We provide our commercial and corporate clients a true relationship manager who can structure and implement solutions tailored

to each clientrsquos business ndash a connection that can be counted on for a consistent dependable responsive experience one that has

become rare in commercial real estate finance today

Relationship Management

In addition to a comprehensive array of products and services we offer our clients Nationwide lending and capital markets platform

Market Coverage

Connecting ideas

capital and clients

Grandbridge 2015 Production

Grandbridge originated and closed 741 commercial

and multifamily loans in 41 states and Washington

DC totaling $7012353042

As a national full-service leader in commercial and

multifamily finance we offer our clients a wide range

of capital sources that includes insurance

companies CMBS pension fund advisors

commercial banks and our own proprietary lending

platform as well as Fannie Mae DUSreg Freddie Mac

Program Plusreg and FHA-insured MAP and LEAN

loan products

By Property Type

By Investor Type

Count Property Type Loan Amount

312 Multifamily $3763281399

162 Retail $1005866625

84 Office $688693158

85 Industrial $653422380

27 Hospitality $296397000

9 Seniors Housing $192026226

26 Other $187875054

13 Mixed-Use $118045000

23 Self-Storage $106746200

741 $7012353042

Count Investor Type Loan Amount

317 Insurance $2299632238

146 Agency $1935597603

167 Bank $1721075826

76 CMBS $807980250

35 Other $248067125

741 $7012353042

Connecting ideas

capital and clients

Grandbridge 2015 Production

Grandbridge originated and closed 741 commercial

and multifamily loans in 41 states and Washington

DC totaling $7012353042

As a national full-service leader in commercial and

multifamily finance we offer our clients a wide range

of capital sources that includes insurance

companies CMBS pension fund advisors

commercial banks and our own proprietary lending

platform as well as Fannie Mae DUSreg Freddie Mac

Program Plusreg and FHA-insured MAP and LEAN

loan products

By Property Type

By Investor Type

Count Property Type Loan Amount

312 Multifamily $3763281399

162 Retail $1005866625

84 Office $688693158

85 Industrial $653422380

27 Hospitality $296397000

9 Seniors Housing $192026226

26 Other $187875054

13 Mixed-Use $118045000

23 Self-Storage $106746200

741 $7012353042

Count Investor Type Loan Amount

317 Insurance $2299632238

146 Agency $1935597603

167 Bank $1721075826

76 CMBS $807980250

35 Other $248067125

741 $7012353042

Connecting ideas

capital and clients

Grandbridge Production 2015

By Lender Type

By Property Type

Historical Production

Grandbridge finished 2015 with more than $7 billion in loan

originations which compared to last year is an increase of

more than 33

At year-end 2014 Grandbridgersquos average loan size was $85

million

As of December 31 2015 Grandbridgersquos average loan size

was $94 million ndash an increase of 11

Connecting ideas

capital and clients

Grandbridge Dedicated Closing Team

Grandbridge has an in-house legal team that coordinates all closings in concert with lendersrsquo

closing counsel

The Team

Performs certain tasks associated with the closing process reducing the work for outside

counsel

Consists of three experienced real estate attorneys and seven closing coordinators

Actively engages in the financing process sometimes prior to the issuance of an application

Facilitates a loan closing service that is efficient and cost effective

Connecting ideas

capital and clients

Grandbridge Property Types

With a history of quality client service Grandbridge provides

financing for all types of commercial and multifamily real estate on

a national basis including

Multifamily

Student Housing

Seniors Housing

Office

Medical Office

Healthcare

Hospitality

Other

Retail

WarehouseIndustrial

Self-Storage

Manufactured Home

Community

Mixed-Use

Credit Tenant Lease

Owner Occupied

Connecting ideas

capital and clients

Grandbridge Dedicated Closing Team

Grandbridge has an in-house legal team that coordinates all closings in concert with lendersrsquo

closing counsel

The Team

Performs certain tasks associated with the closing process reducing the work for outside

counsel

Consists of three experienced real estate attorneys and seven closing coordinators

Actively engages in the financing process sometimes prior to the issuance of an application

Facilitates a loan closing service that is efficient and cost effective

Connecting ideas

capital and clients

Grandbridge Property Types

With a history of quality client service Grandbridge provides

financing for all types of commercial and multifamily real estate on

a national basis including

Multifamily

Student Housing

Seniors Housing

Office

Medical Office

Healthcare

Hospitality

Other

Retail

WarehouseIndustrial

Self-Storage

Manufactured Home

Community

Mixed-Use

Credit Tenant Lease

Owner Occupied

Connecting ideas

capital and clients

Grandbridge Property Types

With a history of quality client service Grandbridge provides

financing for all types of commercial and multifamily real estate on

a national basis including

Multifamily

Student Housing

Seniors Housing

Office

Medical Office

Healthcare

Hospitality

Other

Retail

WarehouseIndustrial

Self-Storage

Manufactured Home

Community

Mixed-Use

Credit Tenant Lease

Owner Occupied

Connecting ideas

capital and clients

Representative Transactions More Than $50 Million

$240469000

Arlington VA

Multifamily

912 Units

Acquisition

Freddie Mac

$121130000

Arlington VA

Multifamily

442 Units

Acquisition

Fannie Mae

$112450000

Morgantown WV

Student Housing

1100 Beds

New Construction

Insurance Co

$88200000

El Segundo CA

Office

445443 SF

Refinance

Insurance Co

$67200000

SD amp IA

Multifamily

1682 Units

Refinance

Fannie Mae

$63000000

El Segundo CA

Office

282574 SF

Refinance

Insurance Co

$61750000

Plainsboro NJ

Multifamily

704 Units

Acquisition

Fannie Mae

$53000000

Charlotte NC

Industrial

1736593 SF

Refinance

Insurance Co

$136000000

AL MI OK TN

Seniors Housing

816 Units

SaleAcquisition

Fannie Mae SARM

$52000000

Atlanta GA

Multifamily

448 Units

Acquisition

BBampT Real Estate Finance

$51550000

Raleigh NC

Hospitality

390 Rooms

Placed Loan

Insurance Co

$70000000

Las Vegas NV

Multifamily

739 Units

Refinance

Fannie Mae

$67000000

Tempe AZ

Multifamily

523 Units

Refinance

Fannie Mae

$59000000

Mission Viejo CA

Office

126324 SF

Refinance

Insurance Co

$127000000

Arlington VA

Multifamily

399 Units

Acquisition

Freddie Mac

$93944000

Herndon Va

Multifamily

457 Units

Acquisition

Freddie Mac

$81980000

Reston Va

Multifamily

289 Units

Acquisition

Freddie Mac

$108200000

Woodbridge Va

Multifamily

732 Units

Acquisition

CMBS

$98584548

Burbank Calif

Multifamily

241 Units

New Construction

Bank

$72000000

Silver Spring Md

Multifamily

284 Units

New Construction

Insurance Co

Connecting ideas

capital and clients

Multifamily Opportunities Realized

$25500000

Omaha NE

300 Units

Refinance

Insurance Company

$39500000

Las Vegas NV

406 Units

Refinance

Agency

$67200000

IowaSouth Dakota

1682 Units

Refinance

Agency

$41368000

Glen Burnie MD

316 Units

Refinance

Agency

$40000000

Flower Mound TX

422 Units

New Construction

Bank

$37127300

Coconut Creek FL

432 Units

Acquisition

Agency

$47200000

Raleigh NC

432 Units

Refinance

Agency

$16000000

Springfield MO

254 Units

Refinance

CMBS Investor

$32000000

Orlando FL

322 Units

Acquisition

Insurance Company

$39500000

Charlotte NC

252 Units

Refinance

Insurance Company

$30000000

Mobile AL

452 Units

Development

Bank

$20219000

Draper UT

258 Units

Refinance

Agency

$23500000

Portland OR

262 Units

Refinance

BBampT RE Funding

$9200000

Blacksburg VA

118 UnitsStudent

Refinance

Agency

$18800000

Mankato MN

104 UnitsStudent

Refinance

Agency

$93944000

Herndon VA

457 Units

Acquisition

Agency

Connecting ideas

capital and clients

Retail Opportunities Realized

$35500000

Dallas TX

159774 SF

Refinance

Insurance Company

$103200000

High Point NC

3377663 SF

Refinance

Bank

$34740000

Cary NC

213550 SF

RefinanceBridge

Bank

$27500000

Daphne AL

353933 SF

Acquisition

CMBS Investor

$20800000

Miami FL

96515 SF

Acquisition

Bank

$15500000

Plano TX

153044 SF

Refinance

Insurance Company

$12500000

Cleveland TN

85039 SF

New Construction

Insurance Company

$9100000

Phoenix AZ

84336 SF

BridgeConversion

Bank

$15200000

Tallahassee FL

74000 SF

Refinance

Insurance Company

$14800000

Simi Valley CA

95523 SF

Bridge

Bank

$5175000

Indianapolis IN

50739 SF

Refinance

CMBS Investor

$4000000

Columbus OH

12236 SF

New Construction

Bank

$28787000

San Antonio TX

630000 SF

Refinance

CMBS

$15250000

Glendale AZ

128545 SF

Refinance

Insurance Company

$30000000

Decatur GA

299564 SF

Development

Insurance Company

Connecting ideas

capital and clients

IndustrialWarehouseFlex Opportunities Realized

$21675000

San Francisco CA

114877 SF

Refinance

Bank

$18475000

Buckner KY

558600 SF

Acquisition

Insurance Company

$13400000

Lenexa KS

163383 SF

Refinance

Insurance Company

$3200000

Haverhill MA

90000 SF

Refinance

Credit Union

$15400000

Van Nuys CA

278077 SF

Refinance

Insurance Company

$12350000

Orlando FL

119000 SF

Refinance

Insurance Company

$10630000

Spring TX

114923 SF

Acquisition

Insurance Company

$7000000

Lima OH

523370 SF

Refinance

Insurance Company

$12550000

Edwardsville KS

280000 SF

Acquisition

Insurance Company

$12350000

Multi-State Portfolio

159500 SF

Acquisition

Insurance Company

$21969590

Kansas City MO

1259187 SF

Modification

Insurance Company

$1575000

Ft Myers FL

34351SF

Refinance

Bank

$24286230

Greenwood IN

670680 SF

Acquisition

Insurance Co

Connecting ideas

capital and clients

Seniors Housing Opportunities Realized

$27820000

Rochester MN

175 Units

DevelopmentConstruction

Bank

$10500000

Phoenix AZ

134 Units

Refinance

BBampT Real Estate Funding

$42250000

Corte Madera CA

118 Units

Refinance

Insurance Company

$7995800

Lexington Park MD

110 Units

Refinance

Agency

$3440000

Greenfield IN

44 Units

New Construction

Credit Union

$1650000

Louisville KY

56 Units

Refinance

Insurance Company

$52000000

Multi-State Portfolio

552 Units

AcquisitionAssumption

Agency

$14000000

Burlington WA

192 Units

Refinance

Bank

$5950000

Jamestown NJ

125 Units

AcquisitionBridge

Bank

$5300000

Yakima WA

48 Units

Refinance

Agency

$12225000

Eugene WA

49 Units

Bridge

Bank

$16875000

Vancouver WA

127 Units

Acquisition

Bank

$7050000

Jacksonville FL

38 Units

Refinance

Agency

$55650000

Blaine MN

152 Units

New Construction

Bank

$19000000

Rockville MD

89 Units

Refinance

Agency

$13726226

York County VA

102 Units

New Construction

Bank

Connecting ideas

capital and clients

Office Opportunities Realized

$88200000

El Segundo CA

445443 SF

Refinance

Insurance Company

$23000000

Maitland FL

230366 SF

Acquisition

Bank

$19000000

La Jolla CA

93797 SF

Acquisition

Insurance Company

$17000000

Columbus OH

190949 SF

Refinance

CMBS Investor

$18500000

Birmingham AL

311201 SF

Acquisition

Insurance Company

$17300000

Louisville KY

12534 SF

Refinance

Insurance Company

$6600000

Kansas City MO

65000 SF

Development

Insurance Company

$10700000

Boca Raton FL

60136 SF

Refinance

CMBS Investor

$14000000

Savannah GA

101514 SF

Refinance

Insurance Company

$8400000

Henderson NV

91742 SF

Refinance

CMBS Investor

$6961500

Chicago IL

125729 SF

Acquisition

Bank

$63000000

El Segundo CA

282574 SF

Refinance

Insurance Company

$18500000

Nashville TN

134588 SF

Refinance

Insurance Company

$10300000

Mauldin SC

106649 SF

Refinance

Bank

$59000000

Mission Viejo CA

126324 SF

Refinance

Insurance Company

$2800000

Woodbury MN

17816 SF Medical

Acquisition

Bank

Connecting ideas

capital and clients

Hospitality Opportunities Realized

$44750000

Houston TX

262 Rooms

Refinance

Insurance Company

$21600000

Valdosta GA

3-Property Portfolio

Refinance

CMBS

$18397580

Virginia Beach VA

168 Rooms

Modification

Bank

$16400000

Galveston TX

168 Rooms

Construction

Insurance Company

$17600000

Virginia Beach VA

244 Rooms

Refinance

CMBS Investor

$10850000

Houston TX

121 Rooms

ConstructionMini-Perm

Pension Fund Advisor

$9000000

Stockbridge GA

112 Rooms

Refinance

CMBS Investor

$7100000

Stafford TX

90 Rooms

Refinance

CMBS Investor

$6859650

Houston TX

82 Rooms

ConstructionDevelopment

Bank

$5750000

Easley SC

81 Rooms

Refinance

CMBS Investor

$5750000

Latham NY

85 Rooms

Refinance

Bank

$5000000

Hot Springs AR

82 Rooms

Refinance

CMBS Investor

$8050000

DrsquoIberville MS

100 Rooms

Acquisition

CMBS

$16000000

Kansas City MO

126 Rooms

Refinance

Bank

$8500000

College Station TX

125 Rooms

Refinance

CMBS

$1000000

Colonie NY

85 Rooms

Refinance

Bank

Connecting ideas

capital and clients

Self-Storage Opportunities Realized

$8500000

Louisville KY

1498 Units

Refinance

CMBS Investor

$7200000

South Gate CA

854 Units

Refinance

Credit Union

$4700000

San Jose CA

615 Units

Refinance

Insurance Company

$3850000

Ladson SC

853 Units

Refinance

Bank

$4150000

Columbia MD

622 Units

Refinance

Insurance Company

$5300000

Mount Pleasant SC

950 Units

Refinance

CMBS Investor

$3800000

Pacifica CA

564 Units

Refinance

Insurance Company

$2600000

Hampton VA

5069 Units

Refinance

CMBS Investor

$6350000

Henderson NV

63125 SF

Refinance

CMBS

$3750000

Falls Church VA

629 Units

Refinance

Insurance Company

$3550000

Wilmington NC

830 Units

Refinance

Bank

$1675000

Mobile AL

453 Units

Refinance

Insurance Company

$30100000

Florida

2548 Units

Refinance

CMBS

$1700000

North Highlands CA

458 Units

Acquisition

Bank

$3206200

Summerville SC

454 Units

New Construction

Bank

$1600000

Cashiers NC

347 Units

Refinance

CMBS

Connecting ideas

capital and clients

Manufactured Home Community Opportunities Realized

$11456400

Ocala FL

298 Sites

Refinance

Agency

$7550000

Bend OR

177 Sites

Refinance

CMBS Investor

$7000000

Avon CO

159 Sites

Refinance

Insurance Company

$1500000

Newfield NY

89 Sites

Refinance

Bank

$4400000

Barstow CA

161 Sites

Refinance

CMBS Investor

$8748200

Homosassa FL

213 Sites

Refinance

Agency

$7000000

Albuquerque NM

430 Sites

Refinance

Agency

$6000000

Kent WA

166 Sites

Refinance

Agency

$5000000

Goleta CA

150 Sites

Refinance

Insurance Company

$8391000

Lake Alfred FL

229 Sites

Refinance

Agency

$4000000

Blaine MN

568 Sites

Refinance

Insurance Company

$3500000

Edgewater FL

196 Sites

Refinance

Agency

$12800000

Lakeland FL

461 Sites

Refinance

Agency

$1560000

Lakeland FL

114 Sites

Refinance

Agency

$2100000

Erie PA

96 Sites

Refinance

Agency

$7250000

Martinsburg WV

337 Sites

Refinance

Bank

Connecting ideas

capital and clients

Mixed-Use Opportunities Realized

$50000000

New Port Beach CA

1638380 SF

Refinance

Insurance Company

$19250000

Pittsburgh PA

177910 SF

Refinance

Insurance Company

$17500000

Riverside CA

352443 SF

Refinance

Insurance Company

$15725000

Los Angeles CA

40073 SF

Refinance

Insurance Company

$8000000

Lodi CA

83265 SF

Refinance

CMBS Investor

$6000000

Los Angeles CA

18830 SF

Refinance

Credit Union

$2800000

Charleston SC

14500 SF

Acquisition

Bank

$7000000

Chapel Hill NC

72899 SF

Refinance

Insurance Company

$2700000

Plymouth MN

157095 SF

Refinance

Insurance Company

$7600000

Irvine CA

73163 SF

Refinance

Insurance Company

$6750000

San Diego CA

81906 SF

Refinance

Insurance Company

$5500000

Columbia SC

39380 SF

Refinance

CMBS Investor

Connecting ideas

capital and clients

Other Opportunities Realized

$17000000

Houston TX

Recreation 56353 SF

DevelopmentConstruction

Insurance Company

$14332500

Los Alamitos CA

Misc

New Construction

Pension Fund

$15000000

Huntington Beach CA

Recreation

Refinance

Insurance Company

$4000000

Houston TX

Recreation 71180 SF

Refinance

Insurance Company

$3750000

Hawthorne CA

Misc 47425 SF

Refinance

Insurance Company

$3100000

Marina del Rey CA

Other 393347 SF

Refinance

Insurance Company

$2050000

Williamsburg VA

Other

Refinance

Bank

$3560000

Louisville KY

Land

Acquisition

Bank

$30100000

Florida

Self-Storage 2548 Units

Refinance

CMBS

$14000000

Newport Beach CA

Recreation 110 Acres

Refinance

Insurance Company

Connecting ideas

capital and clients

Thank you