Jon E. Boone
Jon, executive vice president, is head of asset management for Grandbridge Real Estate Capital. In his role, he's responsible for leading a team of 70+ real estate professionals managing a $29 billion portfolio consisting of more than 3,700 loans. Lenders for these loans include Fannie Mae, Freddie Mac, FHA, 50+ insurance companies, banks and CMBS investors. Jon and his team are responsible for all areas of asset management including post-closing borrower requests as well as property inspections and financial monitoring.
Jon first joined the company under the Collateral Real Estate Capital banner in 2003 as a member of the Asset Management department where he was responsible for Grandbridge's $5.3 billion portfolio. His responsibilities included workouts for troubled loans and dispositions for REO. In 2005, he was asked to lead the Servicing Operations team where he was responsible for the cash management, investor reporting, and the tax and insurance functions. During this time, he also served as a senior member of the conversion team that implemented a new servicing system. With the formation of Grandbridge in 2007, Jon returned to the Asset Management team where he led the insurance company portfolio and later the Fannie Mae portfolio before being promoted to head of asset management in 2011.
His real estate career began at Colonial Properties Trust where he served as property accountant and later as asset manager for their multifamily division. His responsibilities included acquisitions and dispositions as well as leading their fee management business. During his tenure at Colonial Properties, he was responsible for the conversion of property management system and developed a monthly reporting system to collect property level operating results.
Jon earned his bachelor’s degree in accounting from the University of Alabama at Birmingham. He's an active member of the MBA, and is a 2014 graduate of the Commercial/Multifamily Future Leaders Program. He serves as the Fannie Mae chief asset manager and the Freddie Mac chief servicing officer for Grandbridge and is a member of the Grandbridge Senior Leadership Team.
Grandbridge Real Estate Capital is a subsidiary of Truist Bank, Member FDIC. Both are Equal Housing Lenders.
Loans are subject to credit approval. © 2020