GRANDBRIDGE EXPANDS FREDDIE MAC PROGRAM PLUS TO TEXAS

TEXAS — Charlotte, N.C.-based Grandbridge Real Estate Capital has been given approval by Freddie Mac to originate loans in Texas under its Multifamily Program Plus Seller/Servicer network. Approved for specific geographic areas, Freddie Mac's Program Plus Seller/Servicer network is a highly selective group of 25 experienced multifamily lenders across the nation that meet Freddie Mac's standards for both the origination and servicing of multifamily loans. Grandbridge is a subsidiary of Winston Salem, N.C.-based Branch Banking and Trust Co. (BB&T) and has an 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.