GRANDBRIDGE ARRANGES $17M MORTGAGE FOR BRIAR CLUB

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HOUSTON — Grandbridge Real Estate Capital LLC has arranged a $17 million first mortgage for the Briar Club, a 56,353-square-foot recreational and social club in Houston. Located at 2603 Timmons Lane, the family-centered facility features two swimming pools, tennis courts and a 22,000-square-foot fitness and wellness complex. The 15-year loan includes a fixed rate of five percent, 36 months of interest-only payments and a 20-year amortization schedule. Greg Young led the Grandbridge team in securing the financing through a life insurance company correspondent.

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