Thank you for sharing!

Your article was successfully shared with the contacts you provided.

DALLAS-Grandbridge Real Estate Capital LLC has acquired Quantum First Capital of Dallas in its efforts to continue its presence in the Lone Star State. The buy comes less than a year after the North Carolina company acquired Live Oak Capital Ltd. in Houston.

The acquisition closed last week, which means Quantum First is now effectively operating under the Grandbridge Brand name. “This is a rounding out of our Texas strategy,” explains Thomas Dennard Grandbridge’s CEO. Dennard tells GlobeSt.com that as Grandbridge was striking a deal with Quantum First Capital, Branch Banking and Trust Co., of which Grandbridge is a wholly-owned subsidiary, was also entering Texas, courtesy of its recent acquisition of Colonial BancGroup. “BB&T has large operation there now, and it’ll be a nice balance to what we’re doing,” Dennard remarks. “They see Texas as the next frontier.”

Stuart Wernick launched Quantum Financial in 1998, and joins Grandbridge as senior vice president. He says Grandbridge approached him with the idea of a possible acquisition, and he was willing to listen. “We’ve had a good working relationship in the past with them, and we felt it would be a good fit,” Wernick tells GlobeSt.com. “They’re very much focused on independent, entrepreneurial types of operations.”

Grandbridge also brings goodies to Quantum Financial including an agency platform, funding and potential life company correspondent lenders. Furthermore, “with BB&T’s recent acquisition of Colonial, there’s the ability to tap into their core banking services as BB&T expands their footprint in North Texas,” he adds.

Grandbridge had a presence in Dallas prior to the acquisition. When the company acquired Collateral Real Estate Capital LLC a couple of years ago, Grandbridge obtained a Dallas office dedicated to affordable housing. Dennard says that niche, overseen by Phil Melton, is not impacted by the acquisition of Quantum First Capital.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.