Grandbridge Funds $148.6 Million in Albany-area Commercial Real Estate Transactions

Published On: 08.18.08

Tamer Albany Pro

NAPLES, Fla. — Grandbridge Real Estate Capital LLC Vice President Ed Tamer has closed 22 commercial real estate transactions in the Albany, New York area for a total of $148,647,000. Although based in the company’s Naples, Fla., office, Mr. Tamer has extensive knowledge of the commercial real estate market in the Northeast.

“Grandbridge is one of the largest full-service commercial and multifamily mortgage banking companies in the nation. We arrange permanent commercial and multifamily real estate loans, service loan portfolios, and provide asset and portfolio management as well as real estate brokerage services on a national basis. I guess you could say I take the ‘national basis’ to heart since I’ve closed so many deals in the Albany area during the past year or two. I think what makes our company successful, even in today’s turbulent market, is that we have access to a broad capital provider base that includes insurance companies, CMBS lenders, pension fund advisors, and commercial banks. Plus, we have a proprietary lending platform—all of which enables us to structure the right deal with the right lender at the right time,” explained Mr. Tamer.

Albany Area DealsIncluded in Mr. Tamer’s Albany-area closings are multifamily, office, retail, assisted living and hospitality properties. “These transactions were funded with insurance companies, CMBS lenders, and commercial banks as well as Fannie Mae and Freddie Mac,” said Mr. Tamer.

Tamer AlbanyCharlotte, N.C.-based Grandbridge, one of the largest full-service commercial and multifamily mortgage banking companies in the nation, is a Fannie Mae DUS® (Delegated Underwriting and Servicing) lender, a Freddie Mac Program Plus® seller/servicer, and a MAP-approved participant in multifamily products insured by the Federal Housing Administration.

With $136.4 billion in assets, BB&T Corporation (NYSE: BBT) is the nation’s 14th largest financial holding company. It operates nearly 1,500 financial centers in 11 states and Washington, D.C. More information about the company is available at BBT.com.

Contacts

BUSINESS

Thomas S. Dennard
Grandbridge CEO
704.379.6910

LOAN CONTACT

Ed Tamer
Grandbridge VP
239.947.5077

MEDIA

Patricia Muse
Grandbridge Marketing
205.978.1139