Grandbridge Real Estate Capital has opened a new regional office in Denver, Colorado. John Stewart (pictured above) was named senior vice president and will manage the new Rockies region office. Additionally, Grandbridge has also named Penny Newton (pictured below) to the post of vice president in the Denver office.
"We are excited about John and Penny joining Grandbridge and opening our new Denver office. Their expertise is invaluable as we continue to expand our presence in the West," said Grandbridge chairman and CEO Thomas Dennard.
"John brings more than 30 years of experience and industry relationships to our clients,” Dennard continued. “Combined with Penny's 20 years of commercial real estate experience, their expertise will immediately enhance Grandbridge's mortgage origination platform, not only in Denver and the Rockies Region but nationwide."
According to Grandbridge, Stewart, Newton and their team will finance all types of income-producing properties.
Prior to joining Grandbridge, Stewart served as a senior loan producer with NorthMarq Capital, Capmark Finance Inc., and Bank One.
"I am especially impressed by management's steadfast focus on growth westward," Stewart said. "And I am looking forward to adding more seasoned originators to our Denver base of operations, helping Grandbridge become an even more well-known and respected commercial real estate finance resource and industry leader."
In her role, Newton will focus on loan origination including all aspects of credit, underwriting, loan negotiation and portfolio management.
Prior to joining Grandbridge, Newton served as a client manager with Chase Bank's Commercial Term Lending group where she focused on originating multifamily transactions ranging from $500,000 to $20 million in the greater Denver and Boulder areas.