Grandbridge Adds Aanonsen and Bauer to D.C./Baltimore Team

Published On: 08.26.09

Aanosen

Charlotte, N.C. — Senior Vice Presidents Paul Aanonsen and Jack Bauer, two of the country’s premier multifamily loan originators, recently joined Grandbridge Real Estate Capital. Serving as co-managers of multifamily production in the company’s Washington, D.C./Baltimore office, both came to Grandbridge from Prudential Mortgage Capital Company where they also focused on multifamily agency originations. The team has a combined 27 years of experience in the multifamily agency lending business, having originated and closed more than $7 billion in agency transactions.

Mr. Aanonsen worked at Prudential for the last 12 years and has been in the agency lending business for more than 15 years. He is a graduate of the United States Naval Academy and from 1987 to 1993; he served in the United States Marine Corps where he rose to a level of Captain

Mr. Bauer spent the last seven years at Prudential and has more than 12 years in agency lending experience. He is a graduate of Washington and Lee University.

Bauer

“Both Paul and Jack are known for their results in multifamily financing. We are very excited that they have joined the Grandbridge team and we look forward to them sharing their expertise with our 90+ producers and our clients nationwide,” said Grandbridge CEO Thomas S. Dennard.

“Despite turbulence in the market, Grandbridge has enjoyed excellent growth since its creation in the fall of 2007 and we continue to prosper in 2009. We feel that the addition of two accomplished multifamily originators will further increase our transaction opportunities as we continue to grow our production platform,” explained Grandbridge President David A. Roberts.

“Just as Grandbridge was forged on the solid and successful reputations of Laureate Capital and Collateral Real Estate Capital, this new production team was invited to join the Grandbridge team based on their solid reputation for success within the industry. We look forward to them sharing their expertise with our clients and investors,” said Grandbridge Executive Vice President/National Production Manager John W. Davis.

Charlotte, N.C.-based Grandbridge, one of the largest full-service commercial and multifamily mortgage banking companies in the nation, has a broad investor base that includes insurance companies, pension fund advisors, commercial banks, and capital markets investors, as well as a proprietary lending platform. Grandbridge is a Fannie Mae DUS® (Delegated Underwriting and Servicing) lender, a Freddie Mac Program Plus® Seller/Servicer and Targeted Affordable Housing lender, and an active participant in FHA-insured loan products as a MAP-approved (Multifamily Accelerated Processing) and LEAN-approved healthcare lender.

The company arranges permanent commercial and multifamily real estate loans; services loan portfolios; and provides asset and portfolio management and real estate brokerage services. Grandbridge has a servicing portfolio in excess of $24.75 billion representing nearly 100 capital providers.

With $152 billion in assets, Winston-Salem, N.C.-based BB&T Corporation is the nation's 9th largest financial holding company. Founded in 1872, it operates more than 1,500 financial centers in 11 states and Washington, D.C. More information about BB&T Corporation is available at BBT.com.

Contacts

BUSINESS

Thomas S. Dennard
Grandbridge CEO
704.379.6910

Paul C. Aanonsen
Grandbridge SVP
703.677.3907

Jack Bauer
Grandbridge SVP
703.677.3906

MEDIA

Patricia Muse
Grandbridge Marketing
205.978.1139