ATLANTA - Grandbridge Real Estate Capital LLC announces the addition of Vice President Timothy J. Hudgins to the company’s Atlanta-based Seniors Housing Team.  With more than 20 years of diverse commercial real estate experience in underwriting, asset management, accounting, auditing, investment management, and financial analysis to his credit, Mr. Hudgins has focused his efforts in the seniors housing industry for the past 13 years.

Prior to joining Grandbridge, Mr. Hudgins spent six years as the Deputy Chief Underwriter for seniors housing finance at Greystone Servicing Corp., Inc., where he was responsible for underwriting all Fannie Mae DUS® Seniors Housing loans.  Mr. Hudgins also served as the asset manager for two funds of seniors housing assets for Prudential Real Estate Investor (PREI), a subsidiary of Prudential Financial.

Mr. Hudgins, a Certified Public Accountant, earned his Bachelor of Science in Business Administration from Auburn University. He is a member of the American Institute of Certified Public Accountants (AICPA) and the Georgia Society of Certified Public Accountants (GSCPA).  He may be reached at 404.602.1392 or by email at thudgins@gbrecap.com.

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