CHARLOTTE, N.C. — Grandbridge Real Estate Capital has promoted Matthew Rocco to president. Rocco will continue to serve as national production manager, overseeing the company’s national loan origination platform, but will take on additional responsibilities from a corporate perspective in his new role. In addition to overseeing Grandbridge’s loan origination efforts, Rocco will be responsible for the company’s Agency Underwriting (Fannie Mae, Freddie Mac and FHA) and Balance Sheet Closing groups.
Rocco joined Grandbridge in 1998. He is a member of the company’s Board of Managers, senior leadership team and risk committee, as well as a member of BB&T’s senior leadership team.
Matthew Rocco, Grandbridge Real Estate Capital
“Matt brings a wealth of knowledge and expertise to his new role,” said Thomas Dennard, chairman of the board and CEO of Grandbridge. “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.”
In addition to Rocco’s appointment, Grandbridge has promoted Joe Lovell to chief operating officer, Dan Husak as head of business systems and corporate operations and John Boone as senior vice president and head of asset management. John Randall will also be taking on an expanded role, overseeing the company’s 21 loan origination offices.
Based in Charlotte, Grandbridge is a subsidiary of BB&T. The firm arranges permanent commercial and multifamily real estate loans; services loan portfolios; and provides asset and portfolio management through its 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.