Grandbridge Real Estate Capital, a wholly owned subsidiary of Truist Financial Corporation, announced an expansion of its commercial mortgage servicing capability with the launch of its Master Servicing platform.
The launch strengthens Truist’s position as a national leader in commercial real estate, officials said. Grandbridge is among a select group of institutions that have the scale and expertise to oversee complex commercial mortgage-backed securities (CMBS) transactions, the financial company said. The company secured Master Servicer ratings after completing the review process with all major rating agencies. That rating confirms Grandbridge has the controls, people and infrastructure to manage commercial loans from origination and financing to long-term administration and servicing.
“This represents a significant expansion of our business model as we continue our journey to be a full-service provider of solutions to the commercial real estate sector,” Kathy Farrell, head of Truist Asset Finance, said. “Master servicing deepens how we support real estate owners across the full life cycle of their assets while ensuring the success of projects that strengthen communities and improve lives.”
Master servicing plays a critical role in CMBS transactions, officials said, and provides consistent administration, reporting, cash flow oversight, and portfolio performance support across large pools of commercial mortgage loans.
“This achievement demonstrates the discipline and long-term focus that define our business,” Adam Oates, head of Grandbridge, said. “Earning these ratings reinforces the confidence clients and investors place in us and reflects our purpose-driven approach to serving them every day.”
Truist said the milestone underscores its commitment to best-in-class capabilities for clients across industries, as well as its investment in its Wholesale Banking platform.