Grandbridge 2015 Loan Origination Up 33 Percent Year Over Year

Published On: 03.23.16

Charlotte, N.C. — Grandbridge Real Estate Capital booked a record $7 billion in loan originations in 2015, a more than 33-percent increase compared to 2014. Grandbridge also received a STRONG ranking from Standards & Poor’s (S&P) as a commercial loan primary servicer.

“Grandbridge finished a record production year in 2015 reflecting the outstanding work and efforts of our associates,” Grandbridge Chairman of the Board and CEO Thomas S. Dennard said. “Our agency production increased more than 50 percent, and our insurance company production and alternative capital sources, including our exclusive BB&T Real Estate Funding Stabilized Fixed Rate, and Structured loan programs, had record years.”

According to S&P, the STRONG ranking “reflects our opinion of the company's successful track record as a primary servicer, seasoned and tenured management and staff, experience with multiple capital sources and a wide variety of property types, solid financial and resource commitment to technology systems, and a good compliance and control environment.”

“Grandbridge is ideally positioned to continue to expand our market share while leveraging our capital capabilities to enable our borrowers to meet their financing objectives,” said Executive Vice President and National Production Manager Matthew Rocco. “We consistently deliver the resources, products, insight and expertise needed to help our clients achieve success.”

About Grandbridge Real Estate Capital LLC
Headquartered in Charlotte, N.C., Grandbridge Real Estate Capital, a subsidiary of Branch Banking and Trust Company (BB&T), arranges permanent commercial and multifamily real estate loans; services loan portfolios; and provides asset and portfolio management through its 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 health care lender.

With a current servicing portfolio of more than $29 billion, Grandbridge, an S&P STRONG rated servicer, services loan portfolios and provides asset and portfolio management nationwide for all capital providers including Fannie Mae, Freddie Mac, Ginnie Mae, insurance companies, banks and more than 250 securitizations. For more information about Grandbridge, visit Grandbridge.com.

About BB&T
As of Dec. 31, 2015, BB&T is one of the largest financial services holding companies in the U.S. with $209.9 billion in assets and market capitalization of $29.5 billion. Based in Winston-Salem, N.C., the company operates 2,139 financial centers in 15 states and Washington, D.C., and offers a full range of consumer and commercial banking, securities brokerage, asset management, mortgage and insurance products and services. A Fortune 500 company, BB&T is consistently recognized for outstanding client satisfaction by the U.S. Small Business Administration, Greenwich Associates and others. More information about BB&T and its full line of products and services is available at BBT.com