The borrower, whose name was not disclosed, will use the credit facility to buy a 1,930-unit, multi-state seniors housing complex.
"This was a challenging transaction that called for tremendous teamwork by the borrower, Fannie Mae and Grandbridge," said Scott Kavel, co-head of Grandbridge Senior Housing Group, based in Norcross, Ga.
Charlotte-based Grandbridge is one of the largest full-service commercial and multifamily mortgage banking companies in the nation.
Grandbridge has a servicing portfolio of more than $21 billion representing 96 capital providers. It closed more than 1,000 transactions in 2007.