Grandbridge Real Estate Capital announced today the promotion of Alex Hilton and Rad Davenport to Vice President and Paul McDonald to Assistant Vice President.
Alex Hilton, Rad Davenport and Paul McDonald
Hilton, located in the company’s Kansas City office, has been with Grandbridge Real Estate Capital since 2013. As a vice president he is responsible for the origination of commercial and multifamily loans, and sourcing institutional equity for real estate transactions. Hilton has experience structuring transactions involving permanent financing (forward commitments and immediate fundings), construction/permanent financing, bridge and mezzanine loans, and equity capital for a variety of property types, including multifamily, retail, industrial, office, medical office, self-storage, owner-user and hospitality. Hilton earned his MBA from the Henry W. Bloch School of Management at the University of Missouri-Kansas City. During his undergraduate studies he dual majored, receiving bachelor's degrees in both business administration and political science from William Jewell College, where he currently serves on the Board of Governors. He is a Certified Commercial Investment Member (CCIM) and member of various commercial real estate organizations including the Urban Land Institute (ULI).
Davenport, located in the company’s Norfolk, Va., is responsible for managing all phases of loan origination including structuring, underwriting, investor and borrower interface, and coordination towards closing. Since joining Grandbridge in 2005, Davenport has been involved in the financing of more than 500 properties representing combined debt in excess of $2.5 billion. Property types financed include apartments, retail, office, industrial, hotel and self-storage. Capital sources include life insurance companies, CMBS lenders, banks, credit unions, Freddie Mac, Fannie Mae, FHA and VHDA. A graduate of James Madison University where he earned his bachelor’s degree in business administration, Davenport has extensive experience in apartment financing including market-rate, affordable, seniors and student housing communities.
McDonald, a transaction manager, is located in the company’s Greenville, S.C., office. He is responsible for all phases of production support including underwriting and packaging new loans, as well as following committed loans through the closing process. Prior to joining Grandbridge, he was an AVP with Armada Analytics where he was responsible for underwriting multifamily assets. A native of Greenville, S.C., McDonald is a graduate of Christ Church Episcopal School and the College of Business at Clemson University. He is a current member of the Urban Land Institute (ULI) and the Mortgage Bankers Association.
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. Building on a long tradition of excellence in community banking, 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., and is consistently recognized for outstanding client service by Greenwich Associatesfor small business and middle market banking. More information about BB&T and its full line of products and services is available at BBT.com.
