Grandbridge Orange Country Hires Houten As Vice President

Published On: 04.24.14

ORANGE COUNTY, Calif. — Grandbridge Real Estate Capital has hired John R. Houten as a vice president. Houten, a commercial real estate mortgage originator, is based at Grandbridge’s Orange County office at 1500 Quail Street, Suite 400, Newport Beach.

Houten brings more than 30 years of real estate finance experience to his new role in commercial real estate mortgage banking. His focus on commercial real estate loan origination includes all aspects of credit, underwriting, loan negotiation and portfolio management. Prior to joining Grandbridge Houten was an executive vice president and member of the executive management team at Sunwest Bank in Irvine, Calif. He established and was responsible for the bank’s integrated real estate loan origination platform.

Houten’s other commercial real estate experience includes leading California National Bank’s top CRE relationship-banking production team throughout the bank’s national footprint. He also served as senior vice president and real estate manager for First Security Bank, where he managed all aspects of the bank’s commercial real estate loan originations and portfolio management.

The Boston native earned his bachelor’s degree in economics and finance from Bentley University in Waltham, Mass., and his Professional Designation in Real Estate from The University of California Irvine.

Mr. Houten may be reached at 949.885.4139 or by email at JHouten@gbrecap.com.

About Grandbridge Real Estate Capital
Based in Charlotte, N.C., Grandbridge is a subsidiary of Branch Banking and Trust Company (BB&T). The company arranges permanent commercial and multifamily real estate loans; services loan portfolios; and provides asset and portfolio management, as well as real estate brokerage services. With a current servicing portfolio of almost $29 billion, Grandbridge has a broad investor base of approximately 100 capital providers 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. More information about the company is available at
www.grandbridge.com.

About BB&T
BB&T is one of the largest financial services holding companies in the U.S. with $184.7 billion in assets and market capitalization of $28.9 billion, as of March 31, 2014. Based in Winston-Salem, N.C., the company operates 1,824 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. More information about BB&T and its full line of products and services is available at
www.bbt.com.