Bellwether Enterprise Real Estate Capital LLC, the commercial and multifamily mortgage banking subsidiary of Enterprise Community Investment Inc. announced it is acquiring Capital Advisors Inc., a privately held, full-service mortgage banking firm headquartered in Charlotte, NC, with offices in Atlanta, Birmingham, Columbia, Greensboro, Greenville, Memphis, and Raleigh.
The acquisition will add more than $1 billion in annual loan volume and $1.75 billion in servicing to Bellwether Enterprise, bringing the firm’s total annual loan volume to more than $4.5 billion and $10.2 billion in servicing.
The transaction is subject to Bellwether Enterprise and Enterprise board approval and is expected to close on or about June 30, 2015. The Principals of Capital Advisors will receive equity stake in the newly expanded Bellwether Enterprise and the 31 current employees will remain with the company. Capital Advisors will take on the Bellwether Enterprise name at the time of the close. The integration of the businesses will be done to ensure the highest quality service to the firm’s lenders, clients, and business partners.
