Grandbridge Real Estate Capital acquired Houston-based mortgage banking firm Live Oak Capital in early December.
The acquisition gives Grandbridge the ability to expand its presence in Texas, which it entered in November 2007 through the acquisition of Collateral Real Estate Capital.
But the deal also brings to Grandbridge a very experienced leadership team with deep roots in Texas. Live Oak’s senior management includes Hal Holliday and John Fenoglio, who co-founded what is now Holliday Fenoglio Fowler (HFF) in 1982. Fenoglio is a principal, and Holliday owns an interest in Live Oak. Several other HFF Texas alums fill out the senior management team.
The acquisition was expected to be completed by the end of December. Terms were not disclosed.