Grandbridge Hires Philip Carroll to Manage New Southeast Florida Regional Office in Miami

Published On: 07.02.12

Grandbridge Real Estate Capital LLC announced today that it hired Mr. Philip Carroll as Senior Vice President to manage the firm’s new southeast Florida regional office in Miami located at 1200 Brickell Avenue. Mr. Carroll will focus on financing all types of income-producing properties including office, apartments, hotels, industrial and retail in the south Florida region.

"We are excited about Philip joining Grandbridge and opening our new Miami office. His expertise is invaluable as we continue to expand our presence in southeast Florida," said Grandbridge Chief Executive Officer, Thomas S. Dennard. Mr. Dennard further stated, "Philip brings years of experience and industry relationships that will immediately enhance Grandbridge’s mortgage origination platform, not only in south Florida but nationwide."

“We are extremely fortunate to have Philip leading our southeast Florida region. His experience, management skills and deep understanding of commercial real estate finance will be instrumental as Grandbridge seeks to better serve our clients in the greater Miami area.  As we continue to grow and expand our lending platform, I’m confident we will benefit from Philip’s business development expertise and his investment experience, especially as he works in tandem with corporate and business bankers within the BB&T banking footprint,” said Grandbridge National Production Manager Executive Vice President Matthew Rocco.

Mr. Carroll commented, “I am looking forward to the prospect of taking on the southeast Florida regional management role at Grandbridge,” said Carroll.  “The organization has just completed the best production/revenue year in its history and is poised for substantial growth. I am especially impressed by management's steadfast focus on growth in Florida and I am looking forward to adding more seasoned originators to our Miami base of operations; helping Grandbridge to become an even more well-known and respected commercial real estate finance resource and industry leader."

Prior to joining Grandbridge, Mr. Carroll was President at American Real Estate Capital, a subsidiary of insurance company American Financial Group, where he was responsible for establishing the commercial mortgage lending group; overseeing all originating and servicing activities of the firm. His complete biographical information can be found on Grandbridge’s website at www.gbrecap.com. Mr. Carroll can be reached at 305-523-1812 or by email at pcarroll@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 Delegated Underwriting and Servicing (DUS®) lender, a Freddie Mac Program Plus® Seller/Servicer, and an approved FHA Multifamily Accelerated Processor (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 $26 billion and represents approximately 100 capital providers. More information about the company is available at www.gbrecap.com.   

About BB&T

BB&T Corporation (NYSE: BBT) is one of the largest financial services holding companies in the U.S. with $174.8 billion in assets and market capitalization of $21.9 billion, as of March 31, 2012. Based in Winston-Salem, N.C., the company operates approximately 1,800 financial centers in 12 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 J.D. Power and Associates, 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 www.BBT.com.