Matthew Rocco was named president of the company
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Grandbridge Real Estate Capital has announced a shake-up in its management with the appointments of Matthew Rocco as president and Joe Lovell as COO.
In his new role, Rocco will take on additional corporate leadership responsibilities with responsibility for Grandbridge's overall loan origination efforts and the agency underwriting and balance sheet closing groups. He will continue to serve as national production manager and oversee the company's national loan origination platform.
"Matt brings a wealth of knowledge and expertise to his new role," Grandbridge Chairman and CEO Thomas Dennard said. "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."
As COO, Lovell is now responsible for the overall direction and management of more than 100 associates and oversees asset management, operations, business systems and IT, and third-party loan closing as well as corporate initiatives for Grandbridge and its subsidiary, BB&T Real Estate Funding.
Dennard also said that Lovell will take on additional corporate responsibilities in addition to overseeing loan servicing. Lovell, who joined Grandbridge in 1994, will continue reporting directly to Dennard.
Additionally, Senior Vice President Dan Husak was appointed head of business systems and corporate operations. His expanded responsibilities include managing the consolidated cash, investor reporting and accounting, and business systems and IT groups, as well as taking the lead on various corporate responsibilities such as vendor and data management. He brings more than 25 years of experience in commercial loan servicing to the role.
