Structured Finance - Bridge Investment Group

Brad Andrus is currently the President of Bridge Structured Finance, a position he has held since 1997. During his career he has procured and arranged over $1.5 billion of real estate loans for Bridge Investment Group, The Real Estate Opportunity Capital Funds, as well as third party borrowers. Before creating BSF, Brad Andrus held the position of Senior Director at Finova Realty Capital (FRC). During his career at Finova he personally originated over $250 million in commercial loans. Prior to joining FRC Brad served as Senior Vice President and Partner for eight years with Mason McDuffie Financial Corporation, a 100 year old highly respected mortgage- banking firm in the San Francisco Bay area. While there he originated and provided oversight of a $2 billion commercial real estate mortgage portfolio for ten life insurance companies located in the US and Canada. Brad is a licensed real estate professional, as well as a certified underwriter of advanced commercial real estate.    He also currently sits on the board of directors for Bridge Investment Group  where he is responsible for banking and capital markets relationships, arranging debt and lines of credit. Correspondent Relationships In addition to the experience Brad Andrus provides to existing and potential clients, Bridge Structured Finance has existing exclusive correspondent relationships with major lenders. This allows BSF to exclusively represent lenders such as Wells Fargo and KeyBank. Collectively, Brad has financed more than $900 million in commercial mortgage loans for these lenders. Therefore, these exclusive relationships are deeply rooted and are expected to continue in the foreseeable future. In addition to these exclusive relationships, BSF has formed non-exclusive relationships and closed loans with over 20 of the top lenders in the country, including NorthMarq/Freddie Mac, Greystone/Fannie Mae, and Prudential, to name just a few. In the commercial mortgage brokerage business, a firm’s success is predicated upon the strength of their lending relationships, which take years to establish. Bridge Structured Finance joins Bridge Investment Group  with a well-established track record, which will not only allow Bridge Investment Group  to benefit from the most advantageous financing options, but will allow Bridge Structured Finance to attract additional clients.

Brock Andrus serves as Managing Director for Bridge Structured Finance LLC, with oversight over debt placement for Multifamily, Seniors Housing and Commercial Office. He brings 17 years of commercial real estate finance, debt restructure and private equity experience. His experience in real estate and finance includes:

• During his time with Bridge Investment Group, he has overseen financing of over $1 billion of balance sheet, FNMA, Freddie Mac, and structured credit facility debt.
• Prior to his time with Bridge Investment Group, Mr. Andrus was Managing Director with 1st Service Solutions, where he led the debt restructuring team, overseeing more than $6 billion of commercial real estate debt restructures and recapitalizations. In this role, he facilitated industry-leading A/B note structures and TIC recapitalizations, along with numerous note sale, discounted payoff, interest deferral, interest rate reduction, principal balance reduction, short sale, deed-in-lieu, and maturity date extension restructures and equity recapitalizations.
• This experience provides valuable insight into the need to be forward thinking along the financing spectrum and create a balanced approach toward debt structures, covenants and terms. He has negotiated loan documents, restructuring agreements, partnership agreements, and note sale agreements, as well as leading debt underwriting efforts, market analysis, and property level cash flow pro-formas.
• Before joining 1st Service Solutions, Mr. Andrus co-founded Foxtail Equity, where he developed and built the company around a proprietary residential lending product, which filled a need in the available sub-prime residential lending programs.
• Andrus has held a position with a large private equity fund manager where he served on the venture capital team identifying partnership fund and co-investment opportunities.

During his career, Mr. Andrus has cultivated a broad base of lending relationships, providing access to best in class financing executions through various debt cycles and a real-time feed into the debt market’s attitudes.

Alden Campbell is Director of Bridge Structured Finance LLC and brings over a decade of institutional real estate experience to the team. He focuses on the placement and management of debt for the Seniors Housing and Medical Properties funds. His experience in finance and real estate includes:

• Before joining Bridge Investment Group, Mr. Campbell sourced, underwrote, and closed debt for one of the largest mortgage banking firms in the country. He has worked on over $750 million in debt and equity transactions; including placements through banks, agencies, CMBS conduits, debt funds, and life insurance companies.
• Prior to working in capital markets, Mr. Campbell was on the development team for a national developer where he managed land acquisitions, dispositions, and ancillary development activities for their central Florida Division.

Mr. Campbell earned a Bachelor’s Degree in Finance from Florida State University and is a CFA Charterholder.

Janet Stewart is Director of Multifamily in Bridge Structured Finance LLC. She began her career at Bridge Investment Group in 2004 working with Brad Andrus in Structured Finance. During these last 13 years she has underwritten and closed over $1 billion of real estate loans for Bridge Investment Group, third party borrowers, and the Bridge family of funds. Before turning to commercial finance, Ms. Stewart worked in the medical field as a certified nurse’s assistant and sports medicine director. She spent over four years tending patients in the oncology unit at St. Mark’s Hospital. Ms. Stewart holds an Associate’s degree in English from Utah State University, as well as a certificate of Commercial Underwriting, certificate of Sports Medicine/Exercise Science and certificate of Nursing Assistant.

Cheri Richey is an Associate of Structured Finance for Bridge Investment Group, with a focus on commercial office transactions. She began her career in the California Bay area working for a review appraisal company and subsequently taking a role with Mason McDuffy Financial assisting with commercial mortgage transactions. Ms. Richey then spent the next 18 years of her career with First American Title, with her latest role being Senior Escrow Officer. She decided to return to her roots in commercial banking and joined Bridge Structured Finance LLC in 2016.

Spencer Dunlop is an Associate at Bridge Multifamily Fund Manager LLC. Before joining the Structured Finance team, Mr. Dunlop worked as the Project Manager at a health center where he managed financial information and created new guidelines and processes to streamline payments. While working for Bridge Structured Finance he has helped underwrite and close over $100MM of real estate loans. Mr. Dunlop attended Brigham Young University-Idaho where he majored in Business Management with a Finance Emphasis.