Grandbridge PDF Brochure

Multifamily and Commercial Real Estate Finance

www.gbrecap.com

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www.gbrecap.com • Nationwide

Loans are subject to credit approval. 10.09

About Grandbridge I A Legacy of ExcellenceGrandbridge Real Estate Capital LLC, based in Charlotte, N.C., is one of the nation’s largest full-service commercial real estate finance firms. With offices located throughout the country, Grandbridge services a growing multi-billion dollar loan portfolio and provides financing as well as consulting and advisory services for all types of commercial and multifamily real estate on a national basis.

National Scope and Local Expertise

Grandbridge’s origination platform is comprised of more than 100 highly experienced professionals located across the country. We stand apart from other financial service firms in that we believe that local market expertise, an excellent understanding of the various property types, and in-depth information on the national commercial real estate environment enables us to provide superior capital solutions for our clients.

• Local market knowledge;

• Access to a national pipeline system that provides “real time” information;

• A single point of contact—whether your transaction is local, regional or national in scope;

• Numerous capital sources; and

• Excellence in underwriting, closing and servicing.

• Represents 100 Capital Sources

Insurance Company Financing Freddie Mac Program Plus®

Seller/Servicer Freddie Mac Targeted Affordable

Housing Lending Fannie Mae DUS® Lender MAP- and LEAN-approved

FHA Lending

• Specialty Product Groups Seniors Housing Lending Proprietary Lending Affordable Housing Lending

• Preferred Equity Financing

• Equity Placements

• In-House Servicing

• S&P “Above Average” Rated Servicer

• A1 (Moody’s) / A (S&P) / A+ (Fitch) Rated Holding Company

• Industry Position: ServicersSecond in peer group

• Industry Position: Originators Fifth in peer group

• Employees: ± 315

• Loan Origination Offices: 26

• Loan Origination Professionals: 100+

Company Overview

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Office Locations

About Grandbridge I Office Locations

• Atlanta, GA• Birmingham, AL• Charleston, SC• Charlotte, NC• Chicago, IL• Columbus, OH• Dallas, TX• Ft. Lauderdale, FL• Greenville, SC

• Houston, TX• Indianapolis, IN• Jacksonville, FL• Kansas City, MO• Louisville, KY• Madison, WI• Milwaukee, WI• Minneapolis, MN• Mobile, AL

• Naples, FL• Nashville, TN• Norfolk, VA• Orlando, FL• Pittsburgh, PA• Raleigh, NC• Tampa, FL• Washington, D.C./

Baltimore

Headquartered in Charlotte, N.C., Grandbridge has full-service offices in:

Servicing offices in:

• Atlanta, GA

• Birmingham, AL

• Charlotte, NC

• Houston, TX

• Indianapolis, IN

• Kansas City, MO

• Milwaukee, WI

• Minneapolis, MN

• Orlando, FL

Specialty offices in:

• Baltimore, MD (FHA Underwriting)

• Dallas, TX (Affordable Housing)

• Denver, CO (FHA Underwriting)

• Kansas City, MO (FHA Production and Underwriting)

• Norcross, GA (Seniors Housing)

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About Grandbridge I ServicingThe Mortgage Bankers Association recognizes Grandbridge, with a $24.5 billion servicing portfolio,* as being within the top quartile of all servicers of GSE, HUD/Ginnie Mae, and insurance company loans.

Grandbridge services in excess of 5,200 loans for nearly 100 capital sources, including leading insurance companies, commercial banks, pension fund advisors, credit companies, Fannie Mae, Freddie Mac, and FHA/GNMA investors.

Our goal is to create superior value for our borrowers and investors through a level of client service that is unsurpassed in the indus-try. Grandbridge continues to emphasize integrity and responsiveness—the type of comprehensive, personal service on which our investors and borrowers depend.

Retail21%

Lodging4%

Warehouse4%

Other2%

MHC4%

Multifamily38%Industrial 7%

Defeased 1%

Office19%

Multifamily $9,336,684,544

MHC $967,087,940

Retail $5,227,809,017

Office $4,547,410,204

Industrial $1,611,890,934

Lodging $1,045,765,648

Warehouse $882,391,871

Other $643,732,377

Defeased $240,767,150

Total $24,494,539,687

Agency31%

Other 4%

Insurance 44%

Bank 2%

CMBS19%

Insurance $10,671,231,061

Agency $7,658,298,597

CMBS $4,622,940,947

Other $1,072,563,472

Bank $469,505,610

Total $24,494,539,687

2009 Servicing Portfolio by Lender Type$0 Billion

$5 Billion

$10 Billion

$15 Billion

$20 Billion

$25 Billion

0908070605040302010099989796

Historical Servicing 2009 Servicing Portfolio by Property Type

*as of 12.31.09

Servicing

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Product Overview

Capital Providers Fannie Mae DUS® (Delegated Underwriting and Servicing), Freddie Mac Program Plus®, FHA, Insurance Companies, BB&T and BB&T Real Estate Funding LLC (proprietary lending platform).

Collateral First deed of trust (Mortgage) on the property being financed. Requirements

Property Types Income producing or owner occupied: Apartments, office buildings, shopping centers, single tenant retail, “big box,” industrial facilities, warehouses, manufactured housing, self-storage, senior living facilities, hotel/motels, and credit tenant leases (CTL).

Location Nationwide

Ownership Corporations, LLCs, partnerships, individuals, may require a single Requirements purpose entity, limited TICs, which in some cases must be bankruptcy remote.

Loan Amounts $1,000,000 and up preferred. May consider smaller loans for repeat customers. Loan-to-Value: usually 60-70%, possible to go to 85% for some income producing properties (apartments, single tenant) and single tenant credit deals.

Interest Rate Fixed rate. Usually the Treasury (commensurate with the loan term) rate plus a spread (e.g., a 10-year loan would be priced at the 10-year Treasury plus prevailing spreads). Spread is quoted at time of application and interest rate is fixed either at application or closer to the date of closing. In most cases, the borrower will pay a refundable fee (usually 2% to 3%) to lock the rate, which is refundable at closing or 30-45 days after.

Fees Usually an origination fee of 1%; third-party report (appraisal, environmental, engineering, etc.) fees; and in most cases, property inspection and/or underwriting fee.

Terms 2 to 40 years.

Amortization 10, 15, 20, 25 or 35 years depending on the property, leases, and other characteristics of the transaction.

Guaranty Generally none from principals except normal “carve outs” for fraud, bankruptcy, environmental issues, etc.

“Cash Outs” Generally not permitted on new construction; however, there may be exceptions.

Reserve Tax and insurance escrows are normally required. Replacement reserves and/orRequirements tenant improvement and leasing commission reserves may be required.

Prepayment Prepayment is usually prohibited (“locked out”) for a portion of the loan term; with either a yield maintenance prepayment premium, structural prepayment premium or defeasance required, subsequent to the “lockout period,” except for the final three to six months of the term, which is open to prepayment at par.

Prospects Clients who own, develop, purchase and/or invest in income producing real estate and have a need or desire for long-term, fixed rate, nonrecourse financing.

About Grandbridge I Product OverviewGrandbridge Real Estate Capital LLC, through secondary market sources, supports the acquisition and refinancing of existing income producing real estate.

Product-in-Detail

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About Grandbridge I Advantages

We Understand the Marketplace

Recognizing that there are no perfect formulas for making the optimum decisions related to real estate financing, our loan originaton professionals specialize in understanding the market environment that surrounds each investment, all aspects of each specific assignment and, most importantly, the needs and goals of our clients.

We Understand the Needs of Our Clients

Our underlying philosophy emphasizes integrity and responsiveness—the type of in-depth, personal service upon which our borrowers and investors depend. Grandbridge has assembled a team of commercial real estate investment professionals, both at the executive and staff levels, who are equipped to process information quickly and efficiently. Grandbridge, as an organization, is structured to respond to every challenge. Our goal is to achieve the optimum result for our clients, both our borrowers and the providers of capital.

We Understand that it is All About Relationships

Our professionals are not restricted by geographic boundaries. The Grandbridge team provides a single point of contact whether the transaction is local, regional or national in scope. Once a transaction is in motion, the deal is handled by expertly trained underwriting, closing and servicing professionals.

Our distinctive market relationships, combined with our deep knowledge of loan structuring and real estate capital, enable Grandbridge to stand apart from the industry by offering superior transactional and capital solutions—no matter what the need. For the Grandbridge team—it is all about relationships.

We Connect Clients with Capital

• Joint Venture Partners • Buyers and Sellers of Commercial Real Estate

with the following advantages:

• Quick underwriting and market analysis, • Efficient closings,• Quotes from a variety of sources, • In-house closing coordination, and• Loan terms from 2 to 40 years, • Reliable, experienced professionals.

*Mortgage Bankers Association

We Offer In-house Portfolio/Asset Management Services

• Asset Valuation and Asset Administration, • Market and Review Support,• Property Inspections, and • Top Ranked* Loan Portfolio Servicing.

Advantages

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• $2.4 Billion funded in 383 real estate financing transactions (2000-2009)

• Top production office in 2006 and 2007

• High velocity award winner in 2006 and 2007

• Freddie Mac Program Plus® Seller/Servicer

• Fannie Mae DUS® Lender

• FHA MAP- and LEAN-approved Lender

• Strong correspondent lending base

• Company headquarters

Grandbridge in Charlotte

About Grandbridge | Charlotte Production

Representative Transactions

Retail$653,000,000(27%)

Office/Industrial$397,000,000(16%)

Multifamily$681,000,000(28%)

Seniors Housing$166,000,000(7%)

Self-Storage$215,000,000(10%)

Hospitality$288,000,000(12%)

CMBS$741,336,000(31%)

Insurance Company$927,930,000(39%)

Agency$683,466,000(28%)

Bank / Other$47,268,000(2%)

Charlotte Production by Property Type

Charlotte Production by Lender Type

$3,200,000 Hickory, NC 45,160 Sq.Ft. Retail Refinance Insurance Company

$5,500,000 Durham, NC 110,000 Sq.Ft. Industrial Refinance Insurance Company

$19,837,500 Atlanta, GA 464-Unit Multifamily Purchase Agency

$7,100,000 Charlotte, NC 216-Unit Multifamily Refinance Agency

$18,000,000 Asheville, NC 269-Room Hospitality Refinance Life Insurance

$3,100,000 Mooresville, NC 36,000 Sq.Ft. Office Purchase Life Insurance

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Michael J. Ortlip, Senior Vice President | Office ManagerOne of the company’s senior producers, Mr. Ortlip manages the Charlotte, N.C. production office of Grandbridge Real Estate Capital. A veteran of the lending arm of Teachers Insurance and Annuity Association, he has been part of North Carolina’s mortgage banking community since 1993. Before joining Grandbridge’s predecessor (Laureate Capital) in 1998, Mr. Ortlip was on the production staff of First Union Mortgage.

Mr. Ortlip has the perspective of a principal as well as an advisor, and has more than 25 years of experience in financing and acquiring commercial real estate. Under his leadership, the Charlotte office offers a broad array of advisory and placement services and has arranged in excess of $2.4 billion in permanent, construction/permanent, bridge, mezzanine, and equity capital since 2000.

Mr. Ortlip received his M.B.A. from The University of Denver and his B.A. in political science from the University of Colorado. He is a member of Grandbridge’s Board of Managers; serves on the company’s Executive Committee, FHA Roundtable, and Insurance Company Advisory Board; and is a licensed real estate broker in North Carolina, South Carolina and Georgia.

Michael J. Ortlip, Senior Vice President 704.379.6950 phone • [email protected]

Philip M. Payonk, Jr., Vice PresidentMr. Payonk is responsible for originating and structuring debt and equity placements for Grandbridge’s various capital relationships. In his mortgage banking career, Mr. Payonk has been directly involved in structuring loan placements in excess of $500 million. Prior to his role as a producer he served as an analyst in the Charlotte Production office, underwriting and packaging new loans, as well as following committed loans through to the closing process. Before transferring to Grandbridge in 2004, Mr. Payonk was a business banker with Grandbridge’s parent company, BB&T.

Mr. Payonk is a graduate of North Carolina State University. He holds a North Carolina real estate license, and is a CCIM candidate.

Philip M. Payonk, Jr., Vice President 704.379.6905 phone • 704.819.7005 mobile • [email protected]


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Joshua I. Davis, CCIM, Vice PresidentMr. Davis joined Grandbridge in June of 1999 after graduating from Washington and Lee University in Lexington, Va. where he earned his bachelor’s degree in Business Administration. He is responsible for managing all phases of loan origination including underwriting and packaging new loans, investor and customer interface, following committed loans through the closing process, and training new production analysts.

Since joining Grandbridge in 1999, Mr. Davis has been involved in the financing of more than 250 properties representing combined debt of over $2 billion. Property types financed include apartment communities, senior living facilities, retail, office, industrial, hotel, and self-storage facilities, with properties located in 14 states. Capital sources include life insurance companies, pension funds, CMBS lenders, traditional banks, and Freddie Mac, Fannie Mae, and FHA.

Mr. Davis has a North Carolina real estate brokers license and holds the CCIM designation.

Joshua I. Davis, Vice President 704.379.6901 phone • 704.906.5869 mobile • [email protected]

Christopher M. Caison, CCIM, Commercial Real Estate AnalystMr. Caison is responsible for all facets of commercial and multifamily loan production, including interfacing with clients, underwriting transactions, making recommendations to company investors, and due diligence. Since joining Grandbridge in 2006, Mr. Caison has been directly involved in the origination of over $400 million in permanent, construction/permanent, and bridge debt. He is proficient in the underwriting and financial modeling of office, retail, industrial, self-storage, hotels, multifamily, and assisted living assets.

Mr. Caison is a graduate of Davidson College and holds a North Carolina real estate brokers license. He has taken several commercial real estate courses sponsored by the Appraisal Institute and also holds the CCIM designation.

Christopher M. Caison, Commercial Real Estate Analyst 704.379.6960 phone • 704.578.3546 mobile • [email protected]

John W. Gray, Commercial Real Estate AnalystMr. Gray is responsible for underwriting, loan packaging and due diligence for commercial and multifamily transactions. Since Joining Grandbridge in 2007 he has been involved in more than $365 million of multifamily, office, retail, industrial, and hotel transactions.

Mr. Gray is a graduate of the University of North Carolina with a degree in economics and is pursuing his North Carolina brokerage license and CCIM designation.

John W. Gray, Commercial Real Estate Analyst 704.379.6981 phone • 704.907.6944 mobile • [email protected]


Documents

Grandbridge PDF Brochure