{"id":1004101725,"date":"2014-08-04T09:22:22","date_gmt":"2014-08-04T17:22:22","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004101725"},"modified":"2022-12-04T02:06:08","modified_gmt":"2022-12-04T10:06:08","slug":"bellwether-enterprise-to-merge-with-towle-financial-services-expand-services-in-upper-midwest","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/bellwether-enterprise-to-merge-with-towle-financial-services-expand-services-in-upper-midwest\/","title":{"rendered":"Bellwether Enterprise to Merge with Towle Financial Services"},"content":{"rendered":"

By Adrian Maties, Associate Editor<\/i><\/h2>\n

Bellwether Enterprise Real Estate Capital L.L.C. late last week announced its intention to merge with Towle Financial Services, a full-service mortgage banking firm with offices in Minneapolis and Detroit.<\/p>\n

The merger takes Cleveland-based commercial and multi-family mortgage banking firm Bellwether into the Upper Midwest, thereby feeding into its growth strategy. The deal is expected to close at the start of September and will add about $400 million in annual loan volume and $1.4 billion in servicing to its business base. It will also bring the company\u2019s total annual loan volume to an estimated $2.5 billion, with $8 billion in servicing.<\/p>\n

Towle Financial Services has been in business since 1909. As part of the merger, it will receive an equity stake in Bellwether Enterprise. Eleven of its employees will remain with the company. The integration will take place over several months and will end with Towle assuming the Bellwether Enterprise name.<\/p>\n

Look for an upcoming Q&A with Bellwether president Ned Huffman on commercialsearch.com\/news.<\/i><\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Bellwether Enterprise Real Estate Capital L.L.C. late last week announced its intention to merge with Towle Financial Services, a full-service mortgage banking firm with offices in Minneapolis and Detroit.<\/p>\n","protected":false},"author":755,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21825,13,21742],"tags":[39423,39405,1597],"class_list":["post-1004101725","post","type-post","status-publish","format-standard","hentry","category-finance","category-midwest","category-latest","tag-cleveland","tag-detroit","tag-minneapolis"],"acf":[],"yoast_head":"\nBellwether Enterprise to Merge with Towle Financial Services - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/bellwether-enterprise-to-merge-with-towle-financial-services-expand-services-in-upper-midwest\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bellwether Enterprise to Merge with Towle Financial Services\" \/>\n<meta property=\"og:description\" content=\"Bellwether Enterprise Real Estate Capital L.L.C. late last week announced its intention to merge with Towle Financial Services, a full-service mortgage banking firm with offices in Minneapolis and Detroit.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/bellwether-enterprise-to-merge-with-towle-financial-services-expand-services-in-upper-midwest\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2014-08-04T17:22:22+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-04T10:06:08+00:00\" \/>\n<meta name=\"author\" content=\"Suzann D. Silverman\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/bellwether-enterprise-to-merge-with-towle-financial-services-expand-services-in-upper-midwest\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/bellwether-enterprise-to-merge-with-towle-financial-services-expand-services-in-upper-midwest\\\/\"},\"author\":{\"name\":\"Suzann D. 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