Grandbridge Real Estate Capital LLC, the commercial mortgage banking subsidiary of Branch Banking and Trust Co., plans to buy Houston-based commercial mortgage banking firm Live Oak Capital Ltd.
Live Oak Capital specializes in debt and equity placement and loan servicing for the commercial real estate industry. Founded in 2000, the privately owned company has closed more than $7 billion in commercial real estate capital transactions.
The acquisition is expected to be completed by the end of the month. Transaction terms were not disclosed.
Source: Grandbridge Real Estate Capital LLC