Grandbridge Real Estate Capital announced in late November that its loan servicing portfolio exceeded $25 billion for the first time.
“Breaking the $25 billion threshold is milestone of excellence,” said Grandbridge chief executive officer Thomas Dennard. “It’s a remarkable achievement for the company to increase its loan servicing portfolio by 23 percent during one of the most challenging financial environments in recent history.”
Grandbridge posted 4 percent growth during the first three quarters of 2011. As of Sept. 30, 2011, the servicing portfolio grew to 5,087 loans with an unpaid principal balance of $25.3 billion.
Grandbridge currently services loans held by about 100 different capital source providers, including most major insurance companies, capital markets sources, Fannie Mae, Freddie Mac, FHA/Ginnie Mae, commercial banks, pension funds and its own proprietary lending source.