Grandbridge Acquires Firms, Expands Freddie Program
Grandbridge Real Estate Capital, a Charlotte, N.C.-based commercial and multifamily mortgage-banking unit of BB&T Corp. (BBT), acquired the Dallas-based real estate finance and advisory firm Quantum First Capital (QFC) and the Louisville, Ky.-based BFG Realty Advisors. QFC founder and president Stuart Wernick joins Grandbridge as a senior vice president. The acquisition of BFG marks Grandbridge’s return to the Kentucky market, and will assume BFG’s $400m loan servicing portfolio. Grandbridge now has an expanded Freddie Mac (FRE) seller/servicer coverage, with new offices in Minneapolis, Minn.; Columbus, Ohio; Kansas City, Mo.; Charleston, S.C.; Jacksonville, Tampa and Orlando, Fla. All but eight of Grandbridge’s 28 offices now provide Freddie Mac loan products. In addition, Paul Aanonsen and Jack Bauer join the company’s Washington, D.C./Baltimore office as multifamily originators. Both come from Prudential Mortgage Capital. Write to Austin Kilgore.