Grandbridge acquires Kentucky-based BFG Realty Advisors

Published On: 09.30.09

LOUISVILLE, Ky. – Grandbridge Real Estate Capital LLC, a wholly owned subsidiary of BB&T Corporation and one of the nation’s largest full-service commercial and multifamily mortgage banking firms, today said it has acquired Louisville, Ky.-based BFG Realty Advisors. The acquisition includes a loan servicing portfolio of approximately $400 million.

BFG senior producers David Bowen, Greg Moulin and Gregory Solomos have formed a new Grandbridge loan origination team in Louisville, joining financial analysts Diane Kruer, Sarah Lewis and Roy Whitty.

“We are extremely excited about re-entering the Louisville market,” said Grandbridge Chief Executive Officer Thomas Dennard. “We are now able to better serve BB&T’s Louisville-area customers, as well as the general commercial and multifamily owners in the greater Louisville, Lexington and Owensboro markets.

“This acquisition also enables Grandbridge to capitalize on our existing investor relationships as well as open advantageous multifamily opportunities through the company’s Fannie Mae, Freddie Mac and HUD/FHA lending platforms.”

Charlotte, N.C.-based Grandbridge 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 Freddie Mac Program Plus® Seller/Servicer and Targeted Affordable Housing Lender, a Fannie Mae DUS® (Delegated Underwriting and Servicing) lender, and a MAP multifamily and LEAN health care-approved active participant in multifamily products insured by the Federal Housing Administration.

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. Grandbridge has a servicing portfolio of approximately $24.8 billion representing nearly 100 capital providers.

For more information about Grandbridge and its locations, visit www.gbrecap.com.

At June 30, BB&T Corporation had $152.4 billion in assets and was the nation’s 11th 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 the company is available at BBT.com.

Contacts

BUSINESS

Thomas S. Dennard
Grandbridge CEO
704.379.6910

David S. Bowen
Grandbridge SVP
502.589.1233, ext. 1

MEDIA

Patricia Muse
Grandbridge Marketing
205.978.1139