Grandbridge Real Estate Capital announced that Senior Vice President TJ Ownby is now production manager of the company’s Tampa, Fla., office.
“We’re excited to have TJ managing the Tampa production team. His commercial real estate background and business development track record create such a depth of product experience for our clients,” said Senior Vice President/Deputy National Production Manager John Randall. “TJ has built many strong relationships in the region.”
In addition to his management duties, TJ will continue to originate debt and equity financing for public and private real estate owners through a variety of capital sources which include insurance companies, investment banks, governmental agencies, commercial banks and credit institutions. His clients have come to rely on his experience in the origination, structuring, placement and closing of various real estate product types including, retail, office, industrial, hospitality, multifamily, and medical office. Financing facilities closed include permanent loans (both forward and immediate commitments), equity raisings, interim or bridge facilities, and construction loans.
TJ has nearly 40 years of correspondent mortgage banking experience. He started his career in the late 1970s with DeFranceau Realty Group (DRG). Upon leaving DRG, he joined Trust Company Mortgage, one of the largest correspondent mortgage banking firms in the Florida market at that time. Prior to joining Grandbridge he served as Managing Principal of Tavernier Capital Partners and as Senior Vice President/Managing Director of Berkadia Commercial Mortgage.
In 1991, TJ, along with three other partners, formed The Carey Kramer Company – North Florida, which they successfully operated for the next 10 years until the firm was purchased by GMACCM in 2001. As a principal of Carey Kramer and Tavernier Capital Partners, TJ and his partners were responsible for building a $2+ billion life company servicing portfolio.
TJ earned his bachelor’s degree in business administration from the University of Florida. He is a member of the Mortgage Bankers Association, International Council of Shopping Centers (ICSC) and is a licensed mortgage broker in the state of Florida.
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 agency lenders, 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 health care 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 $222.9 billion in assets and market capitalization of approximately $37.4 billion as of September 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 Associates for small business and middle market banking. More information about BB&T and its full line of products and services is available at BBT.com.
