Grandbridge's Kegg Tapped as ICSC Government Relations Chair

Published On: 04.20.08

Craig Kegg

COLUMBUS, OHIO—Grandbridge Real Estate Capital Vice President Craig V. Kegg has agreed to chair the International Council of Shopping Centers Ohio/West Virginia State Government Relations Committee. “I am honored to accept this responsibility,” said Kegg. “As an active member of ICSC I understand the importance of the association’s work and I look forward to working with the council and my fellow members,” said Kegg.

“ICSC’s volunteer officials make up the heart and soul of our great association. One of my most important duties as Chairman of ICSC is the appointment of individuals like Craig Kegg who are willing to give of their time, talent and experience so that others may benefit. Mr. Kegg’s one-year term of office begins May 18, and as a newly appointed officer, Mr. Kegg will attend the upcoming ICSC Leadership Orientation at RECon in Las Vegas,” said Rene Tremblay, 2007-2008 ICSC Chairman.

Mr. Kegg has extensive experience in the origination, structuring and closing of a variety of product types, including retail, office, medical office, industrial, hotel and multifamily properties. Capital structures closed include permanent financing (both forward commitments and immediate funding), construction financing, bridge financing and mezzanine financing. Prior to Grandbridge, Mr. Kegg served in a similar capacity with Collateral Real Estate Capital, which he joined in 2005. Mr. Kegg was also a Vice President within the Commercial Mortgage Backed Securities unit of Bank of America Securities, LLC. While at Bank of America, he was involved in the origination, structuring and sale of the organization’s commercial mortgage backed securities. He was part of the team that finished first nationally in total production in 2003. Born and raised in Columbus, Ohio, Mr. Kegg earned his Bachelor of Arts degree from Miami University in Oxford, Ohio.

Charlotte, N.C.-based Grandbridge, a subsidiary of BB&T Corporation (NYSE: BBT) principal subsidiary Branch Banking and Trust Company, is one of the largest full-service commercial and multifamily mortgage banking companies in the nation. Grandbridge is a Fannie Mae DUS® (Delegated Underwriting and Servicing) lender, a Freddie Mac Program Plus® seller/servicer and an active participant in multifamily products insured by the Federal Housing Administration (FHA). With a current servicing portfolio of more than $21 billion, representing 96 capital providers, Grandbridge is an S&P “Above Average” rated servicer.

Grandbridge, one of the largest full-service commercial and multifamily mortgage banking companies in the nation, arranges permanent commercial and multifamily real estate loans, services loan portfolios, and provides asset and portfolio management as well as real estate brokerage services on a national basis. The company has a broad capital provider base that includes insurance companies, CMBS lenders, pension fund advisors, and commercial banks as well as a proprietary lending platform—enabling Grandbridge to close more than 1,000 transactions in 2007.

With $132.6 billion in assets and nearly 1,500 financial centers in 11 states and Washington, D.C., Winston-Salem, N.C.-based BB&T Corporation (NYSE: BBT) is the nation’s 14th largest financial holding company. More information about the company is available at BBT.com.

Contacts

BUSINESS

Craig Kegg
Vice President / Grandbridge Loan Production
614.358.4105

MEDIA

Patricia Muse
Grandbridge Marketing
205.978.1139