Charlotte, N.C.—Grandbridge Real Estate Capital LLC announces its expanded Freddie Mac Program Plus® Seller/Servicer coverage in the Midwest, South Carolina and Florida. “We are proud that we’ve built upon our long-standing relationship with Freddie Mac, adding Freddie Mac representation to our Minneapolis, Columbus, Kansas City, Charleston, Jacksonville, Tampa and Orlando offices. With the inclusion of these seven offices, 20 out of 26 of our offices are now designated to provide Freddie Mac loan products,” explained Grandbridge CEO Tom Dennard. “In addition to our new Program Plus Seller/Servicer representation, Grandbridge is also now an approved Seller/Servicer for Freddie Mac under its Targeted Affordable Housing program.”

As a Freddie Mac Multifamily Targeted Affordable Seller/Servicer Grandbridge can now sell and service Freddie Mac targeted affordable housing loans secured by properties located anywhere in the United States. Targeted Affordable Housing Seller/Servicers are approved by Freddie Mac because of their significant expertise in the area of targeted affordable housing, among other criteria.

“Grandbridge is one of a select few Freddie Mac Targeted Affordable representatives in the nation. This Freddie Mac designation enables Grandbridge to directly underwrite affordable housing transactions under a risk sharing structure,” explained Grandbridge Senior Vice President Phil Melton, director of the company’s Affordable Housing team.

Approved for specific geographic areas, Freddie Mac’s Program Plus Seller/Servicer network is a highly selective group of 25 experienced multifamily lenders across the nation. Program Plus Seller/Servicers must meet Freddie Mac standards for both origination and servicing of multifamily loans.

Grandbridge’s Freddie Mac representation includes:

• Alabama (offices in Birmingham and Mobile)
• Arkansas
• Florida (offices in Ft. Lauderdale, Jacksonville, Tampa, Orlando)
• Georgia (offices in Atlanta, Norcross)
• Minnesota (office in Minneapolis)
• Mississippi
• Missouri (office in Kansas City)
• North Carolina (offices in Charlotte, Raleigh)
• Ohio (office in Columbus)
• Pennsylvania (office in Pittsburgh)
• South Carolina (offices in Charleston, Greenville)
• Tennessee (office in Nashville)
• Texas (Targeted Affordable Housing; office in Dallas)
• Virginia (office in Norfolk)
• Wisconsin (office in Milwaukee)

Charlotte, N.C.-based Grandbridge, one of the largest full-service commercial and multifamily mortgage banking companies in the nation, 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 healthcare approved active participant in multifamily 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 and real estate brokerage services. Grandbridge has a servicing portfolio of approximately $24.75 billion representing nearly 100 capital providers.

With $152 billion in assets, Winston-Salem, N.C.-based BB&T Corporation (NYSE: BBT) is the nation’s 8th 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

AGENCY LENDING

Jeff Patton
Grandbridge SVP / Agency Lending
205.978.1851

AFFORDABLE HOUSING

Phil Melton
Grandbridge SVP / Affordable Housing
972.385.6005

MEDIA

Patricia Muse
Grandbridge Marketing
205.978.1139