BIRMINGHAM, Ala. — The election of David Roberts, president and COO of Grandbridge Real Estate Capital LLC, as chairman of Mortgage Bankers Association’s (MBA) Commercial Real Estate/Multifamily Finance Board of Governors, known as COMBOG, was announced at the MBA’s recent 96th Annual Convention & Expo.

COMBOG consists of 32 MBA member executives representing all aspects of the commercial/ multifamily finance industry. COMBOG leads strategic development of MBA’s commercial/multifamily policy, industry technology and best practices and standards. COMBOG represents the diverse interests of MBA’s member companies through standing committees led by industry leaders and expert staff, and subject matter specific work groups and task forces.

"I very much look forward to my year as Chair of COMBOG. Our industry will be facing many challenges this next year and will continue to go through major shifts. COMBOG needs be play a key leadership role in helping our members meet these challenges and successfully navigate through changing market conditions. We recently restructured COMBOG to be more nimble and to be better able to respond to the marketplace and our members' needs. This restructure will also increase member involvement and ensure that MBA continues to be the leading voice in this country for all participants in commercial and multifamily finance."

In addition to his service on COMBOG, Roberts also serves on MBA’s Board of Directors, has chaired both the DUS® Advisory Council and the Multifamily Committee and recently served on the Council on Ensuring Mortgage Liquidity.

“The Mortgage Bankers Association’s commitment to advancing commercial/multifamily real estate finance is vital, especially during these challenging times,” said MBA Chairman Robert Story Jr., CMB. “Under the leadership of incoming Chair David Roberts, and with the support of Vice Chairs E.J. Burke and Tari Flannery, COMBOG will continue to make significant contributions while ensuring the strength of this important industry.”

Charlotte, N.C.-based Grandbridge, with a servicing portfolio in excess of $24.75 billion, is one of the nation's largest full-service commercial and multifamily mortgage banking firms. As a wholly owned subsidiary of BB&T, the company maintains 28 offices nationwide; arranging permanent commercial and multifamily real estate loans; services loan portfolios; and provides asset and portfolio management and real estate brokerage services utilizing a broad investor base that includes insurance companies, pension fund advisors, commercial banks, and capital markets investors, as well as a proprietary lending platform. The company is also 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 healthcare approved FHA lender.

At June 30, BB&T Corporation had $152.4 billion in assets and was the nation’s 10th 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 A. Roberts
Grandbridge President and COO
205.978.1851

MEDIA

Patricia Muse
Grandbridge Marketing
205.978.1139