Gosalia and Cortez Join Grandbridge Real Estate Capital’s Houston Office

Published On: 08.15.13

Grandbridge is pleased to announce the addition of Purvesh Gosalia and David Cortez to the company’s Houston office.

Purvesh Gosalia, Vice President, is an experienced commercial real estate professional specializing in originating commercial and multifamily real estate debt.  He has originated, structured, and managed more than $1 billion in commercial and multifamily real estate transactions over the past eight years.  

Previously, Mr. Gosalia worked at Freddie Mac as a Senior Originator in McLean, Va., where he originated long-term financing for multifamily real estate acquisitions, refinances and new construction take-outs.  Prior to his time at Freddie Mac, he worked within the CMBS group at National Cooperative Bank in Arlington, Va., and within the real estate group at LaSalle Bank in Troy, Mich.

Mr. Gosalia began his undergraduate studies in finance at Auburn University and earned his bachelor’s degree in finance from Wayne State University in Detroit, Mich.

David Cortez, Vice President, is responsible for the origination of commercial and multifamily transactions. He began his commercial real estate financing career in 2000 as an analyst at WMF Washington Mortgage.

Prior to returning to Grandbridge’s Houston office he worked as a vice president in Jones Lang LaSalle’s Houston Real Estate Investment Banking Group. Before joining JLL he worked as a senior analyst at Grandbridge from 2002-2012 where he was involved in the closing of more than $2 billion in debt placement.  Prior to his initial Grandbridge tenure, he was an analyst at The Situs Companies tasked with the underwriting of CMBS transactions. Mr. Cortez earned his Bachelor of Business Administration in Finance at the University of Houston.

Contact Information:

Purvesh Gosalia, Vice President    
713.993.1356
pgosalia@gbrecap.com

David Cortez, Vice President
713.993.1329
dcortez@gbrecap.com

About Grandbridge Real Estate Capital LLC

Charlotte, N.C.-based Grandbridge, a subsidiary of Branch Banking and Trust Company (BB&T), has a 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 Fannie Mae DUS® lender, a Freddie Mac Program Plus® Seller/Servicer, and an approved FHA MAP and LEAN healthcare lender. 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. Grandbridge has a current servicing portfolio of almost $30 billion and represents approximately 100 capital providers. More information about the company is available at www.gbrecap.com.    

About BB&T

As of June 30, 2013, BB&T is one of the largest financial services holding companies in the U.S. with $182.7 billion in assets and market capitalization of $23.8 billion. Based in Winston-Salem, N.C., the company operates 1,851 financial centers in 12 states and Washington, D.C. More information about BB&T and its full line of products and services is available at www.BBT.com.