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Grandbridge names Rocco president

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Grandbridge names Rocco president

Randall, Lovell, Husak and Boone assume new senior leadership roles

PR Newswire

CHARLOTTE, N.C., Aug. 21, 2018 /PRNewswire/ -- Grandbridge Real Estate Capital today announced Matthew G. Rocco has been named president and will continue to serve as national production manager, overseeing the company's national loan origination platform. In his new role as president, he will take on additional corporate leadership responsibilities with responsibility for not only Grandbridge's overall loan origination efforts but also the Agency Underwriting (Fannie Mae, Freddie Mac and FHA) and Balance Sheet Closing groups.

"Matt brings a wealth of knowledge and expertise to his new role," said Grandbridge Chairman of the Board and Chief Executive Officer Thomas S. Dennard. "His leadership skills and commercial real estate finance background are tremendous assets to the company as we continue to grow and expand both our loan product offerings and staffing nationwide."

Rocco, who joined the company in 1998, is a member of Grandbridge's Board of Managers, Senior Leadership Team and Risk Committee, as well as a member of BB&T's Senior Leadership Team. He also serves as an advisory member to many of the nation's largest institutional investors and capital correspondents. A graduate of the University of Alabama with a bachelor's degree in economics, Rocco is a licensed real estate broker in the state of Florida and a member of the Mortgage Bankers Association, National Association of Industrial and Office Properties, International Council of Shopping Centers, Urban Land Institute, Mortgage Action Alliance and National Multifamily Housing Council.

Reporting to Rocco will be Executive Vice President and Director of Agency Production Frank Guzikowski, Senior Vice President and Legal/Closing Manager Brett Blackwood and Senior Vice President and Deputy National Production Manager John W. Randall.

Randall will be taking on an expanded role with oversight of the company's 21 loan origination offices. Prior to joining Grandbridge in June 2017, Randall managed all aspects of commercial real estate finance and mortgage banking at EverBank, including leading all commercial real estate production. The New England native earned his bachelor's degree in economics from American University in Washington, D.C. He is a member of Grandbridge's Board of Managers, Senior Leadership Team and Risk Committee, and he is a member of the Mortgage Bankers Association.

"Joe Lovell was named chief operating officer and continues to report directly to me," Dennard said. "He will take on additional corporate responsibilities in addition to overseeing Loan Servicing and Third-party Loan Closing."

Lovell, who joined Grandbridge Real Estate Capital in 1994, is now responsible for the overall direction and management of more than 100 associates and oversees Asset Management, Operations, Business Systems/IT, and Third-party Loan Closing as well as corporate initiatives for Grandbridge and its subsidiary, BB&T Real Estate Funding. He received his bachelor's degree in architectural design from Clemson University and his MBA from the University of South Carolina. He is active in the Mortgage Bankers Association, currently serving as vice chair of the Servicer Council, and is a member of Grandbridge's Board of Managers, Senior Leadership Team and Risk Committee.

Senior Vice President Dan Husak was appointed head of Business Systems and Corporate Operations. Husak's expanded responsibilities include managing the Consolidated Cash, Investor Reporting/Accounting and Business Systems/IT groups, as well as taking the lead on various corporate responsibilities such as vendor and data management. Husak has more than 25 years of experience in commercial loan servicing. He earned his bachelor's degree in business administration from the University of Arkansas at Little Rock. He is an active member of the Mortgage Bankers Association and is a member of the Grandbridge Senior Leadership Team.

As senior vice president and head of Asset Management, Jon Boone's role was expanded with additional duties, corporate projects and direct reports. Boone, who joined Grandbridge in 2003, is responsible for leading a team of more than 70 real estate professionals managing a $29 billion portfolio consisting of 3,700 loans. Boone earned his bachelor's degree in accounting from the University of Alabama at Birmingham. He is an active member of the Mortgage Bankers Association, serves as Grandbridge's Fannie Mae chief asset manager and the Freddie Mac chief servicing officer, and is a member of the Senior Leadership Team.

About Grandbridge Real Estate Capital LLC
Headquartered in Charlotte, N.C., Grandbridge Real Estate Capital, a subsidiary of Branch Banking and Trust Company (BB&T), arranges permanent commercial and multifamily real estate loans; services loan portfolios; and provides asset and portfolio management through its 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 Freddie Mac Multifamily Approved Seller/Servicer for Conventional and Seniors Housing, a Fannie Mae DUS® lender and an approved FHA MAP and LEAN healthcare lender.

With a current servicing portfolio of $29 billion, Grandbridge, an S&P Strong rated servicer, services loan portfolios and provides asset and portfolio management nationwide for all capital providers including Freddie Mac, Fannie Mae, Ginnie Mae, insurance companies, banks and more than 250 securitizations. More information about Grandbridge and its full line of products and services is available at Grandbridge.com.

About BB&T
BB&T is one of the largest financial services holding companies in the U.S. with $222.7 billion in assets and market capitalization of approximately $39.1 billion as of June 30, 2018. BB&T offers a wide range of financial services including retail and commercial banking, investments, insurance, wealth management, asset management, mortgage, corporate banking, capital markets and specialized lending. Based in Winston-Salem, N.C., BB&T operates more than 1,900 financial centers in 15 states and Washington, D.C. More information about BB&T and its full line of products and services is available at BBT.com.

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SOURCE Grandbridge Real Estate Capital LLC

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