CHARLOTTE, NC - Grandbridge Real Estate Capital, a full-service commercial and multifamily mortgage banking firm, says it is opening a new office in Chicago. "Despite turbulence in the current market, Grandbridge has enjoyed excellent growth since its creation last fall and has continued to prosper in 2008," says Thomas S. Dennard, CEO of Grandbridge. "We feel that opening the Chicago office, with the addition of three accomplished commercial real estate finance professionals, will further increase our transaction opportunities as we continue to push our production platform further west."
As an industry veteran with experience managing commercial and multifamily loan origination, structuring, placement and closing, Michael B. Goorvich will manage the office and serve commercial and multifamily clients nationwide, the company adds.
Also joining the Grandbridge Chicago office are vice presidents Randy P. Martin and Ashish Parikh. During his commercial real estate finance career, Martin has originated loans for a variety of property types, including multifamily, retail, office, industrial, hospitality and manufactured home communities. Prior to joining Grandbridge, Parikh served as a director and originator in LaSalle Bank's Midwest region's commercial mortgage-backed securities division.
Grandbridge, one of the largest full-service commercial and multifamily mortgage banking companies in the nation, arranges permanent commercial and multifamily real estate loans, services loan portfolios, and provides asset and portfolio management as well as real estate brokerage services on a national basis. The company has a broad capital provider base that includes insurance companies, CMBS lenders, pension fund advisors, and commercial banks as well as a proprietary lending platform, enabling Grandbridge to close more than 1,000 transactions in 2007.
Source: Grandbridge Real Estate Capital