Live Oak Capital Ltd.

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Grandbridge to Acquire Houston Commercial Mortgage Banker

Dec 08, 2008By

Grandbridge Real Estate Capital LLC, the commercial mortgage banking subsidiary of Winston-Salem, N.C.-based Branch Banking and Trust Co. [stock BBT][/stock], on Monday announced it will buy Houston-based commercial mortgage banking firm Live Oak Capital Ltd., which specializes in debt and equity placement and loan servicing for the commercial real estate industry. The acquisition is expected to close by the end of the month under undisclosed terms.

3d rendering of a row of luxury townhouses along a street

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