CHARLOTTE, N.C. - Grandbridge Real Estate Capital LLC announces the recent promotions of several commercial real estate loan originators and analysts throughout the company’s national footprint.

Promoted to Senior Vice President:

• Richard Thomas, who has a depth of real estate experience spanning two decades and ranging from commercial loan workouts, asset management / disposition to debt and equity placement, manages the company's Atlanta-based seniors housing team. Since 2003, he has been focused solely on the seniors housing industry as a provider of debt and equity capital as well as advisory services to seniors housing clients nationwide. Over the past six years, Thomas has closed more than $3.9 billion in seniors housing loan, sales and advisory transactions and consistently earned top company and lender production awards.  The enormous success of Grandbridge’s seniors housing team is the direct result of the team's ability to innovate, craft solutions, and focus on the surety of execution.

Vice President promotions include:

• Garner "Tip" Strickland, based in the company's Houston, Texas, office, is responsible for originating debt and equity transactions and arranging joint venture equity partnerships.
• William Watson, based in the company's Norfolk, Va., office, joined Grandbridge's Norfolk, Va., production office in 1997 after earning his Master of Business Administration degree from East Carolina University. He continues to work as a real estate analyst, supporting commercial real estate and income producing property loan production efforts.

Assistant Vice President promotions include:

• Frank Sciara based in the company’s Kansas City office, is responsible for assisting in the origination, structuring, placement and closing of a variety of loan product types, including permanent, construction bridge and mezzanine financing as well as equity placement on a variety of property types including multifamily, industrial, office, medical office, retail, and hospitality.
• Chad Collins based in the company's Houston, Texas, office, is responsible for commercial real estate debt and equity transactions. Prior to his promotion he served as an investment analyst and was responsible for assisting loan producers in the analysis, underwriting and packaging of investment proposals.
• Rad Davenport joined the company's Norfolk, Va., office in May 2005 after earning a business degree from James Madison University. He continues to work as a real estate analyst, assisting in the origination of commercial and multifamily loans.

Promoted to Real Estate Analyst II:

• Tommy Ware is based in the company's Tampa, Fla., office.

Real Estate Analyst III promotions include:

• Brett Olsen is based in the company's Minneapolis, Minn., office.
• David Schwarz, IV, is based in the company's Houston, Texas, office.

Promoted to Real Estate Analyst IV:

• David Cortez is based in the company's Houston, Texas, office.

Promoted to Real Estate Appraiser IV:

• Sean Clancy is based in the company's Houston, Texas, office.

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. The company is a Freddie Mac Program Plus® Seller/Servicer and Targeted Affordable Housing lender and a Fannie Mae Delegated Underwriting and Servicing (DUS®) lender. Grandbridge is also a MAP multifamily and LEAN healthcare approved participant in products insured by the Federal Housing Administration (FHA).

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 nationwide. Grandbridge has a servicing portfolio of about $24.5 billion representing nearly 100 capital providers.  For more information about Grandbridge and its locations, visit www.gbrecap.com.

As of March 31, 2010, BB&T Corporation (NYSE: BBT) is the 10th largest financial services holding company in the U.S. with more than $163 billion in assets and market capitalization of $22.4 billion. Based in Winston-Salem, N.C., the company operates more than 1,800 financial centers in 12 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

MEDIA

Patricia Muse
Grandbridge Marketing
205.978.1139