CHARLOTTE, N.C. — Grandbridge Real Estate Capital announced today that its loan servicing portfolio exceeded $25 billion for the first time. “Breaking the $25 billion threshold is milestone of excellence,” said Grandbridge CEO Thomas S. Dennard.  “It's a remarkable achievement for the company to increase its loan servicing portfolio by 23 percent during one of the most challenging financial environments in recent history.”

Grandbridge posted 4 percent growth during the first three quarters of 2011. As of Sept. 30, 2011, the servicing portfolio grew to 5,087 loans with an unpaid principal balance of $25.3 billion. Grandbridge currently services loans held by approximately 100 different capital source providers, including most major insurance companies, capital markets sources, Fannie Mae, Freddie Mac, FHA/Ginnie Mae, commercial banks, pension funds and its own proprietary lending source.

The company, a full-service commercial mortgage banking firm ranked as a top servicer by the Mortgage Bankers Association, retains the servicing rights on the majority of loans it originates.

“While others in the industry have experienced declines in their servicing portfolios, Grandbridge continues to grow this area of our business,” said Grandbridge President and COO David A. Roberts. “With a strong pipeline on the loan origination side of the business and with almost all transactions closing on a servicing-retained basis, we look forward to continued growth in our servicing portfolio.”

About Grandbridge Real Estate Capital
Charlotte, N.C.-based Grandbridge, a full service commercial mortgage banking firm and a subsidiary of Branch Banking and Trust Company (BB&T), has a broad investor base that includes insurance companies, CMBS investors, pension fund advisors, commercial banks and capital markets investors, as well as its proprietary lending platform, BB&T Real Estate Funding.

The company is a Fannie Mae DUS^® (Delegated Underwriting and Servicing) lender, a Freddie Mac Program Plus^® Seller/Servicer, Seniors Housing and Targeted Affordable Housing lender, and an approved FHA Multifamily Accelerated Processor (MAP) and LEAN healthcare lender. Grandbridge arranges permanent commercial and multifamily real estate loans; services loan portfolios; and provides asset and portfolio management, as well as real estate brokerage services. The Mortgage Bankers Association recognizes Grandbridge as being one of the top servicers of GSE, HUD/Ginnie Mae and insurance company loans.*

*MBA COMMERCIAL REAL ESTATE/ MULTIFAMILY FINANCE COMMERCIAL/MULTIFAMILY SERVICER RANKINGS MID-YEAR 2011 June 30, 2011