{"id":1004181915,"date":"2017-06-26T05:21:20","date_gmt":"2017-06-26T13:21:20","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004181915"},"modified":"2022-12-08T17:04:24","modified_gmt":"2022-12-09T01:04:24","slug":"northmarq-capital-buys-slc-mortgage-banking-firm","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/northmarq-capital-buys-slc-mortgage-banking-firm\/","title":{"rendered":"NorthMarq Capital Buys SLC Mortgage Banking Firm"},"content":{"rendered":"<p>By Keith Loria<\/p>\n<div id=\"attachment_1004181957\" style=\"width: 392px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/06\/Jeff-Weidell-NorthMarq-Capital.jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004181957\" data-attachment-id=\"1004181957\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/northmarq-capital-buys-slc-mortgage-banking-firm\/jeff-weidell-northmarq-capital\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/06\/Jeff-Weidell-NorthMarq-Capital.jpg\" data-orig-size=\"800,599\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"Jeff Weidell, NorthMarq Capital\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Jeff Weidell, NorthMarq Capital&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/06\/Jeff-Weidell-NorthMarq-Capital.jpg?w=800\" class=\"wp-image-1004181957\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/06\/Jeff-Weidell-NorthMarq-Capital.jpg\" alt=\"Jeff Weidell, NorthMarq Capital\" width=\"382\" height=\"286\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/06\/Jeff-Weidell-NorthMarq-Capital.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/06\/Jeff-Weidell-NorthMarq-Capital.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/06\/Jeff-Weidell-NorthMarq-Capital.jpg?resize=768,575 768w\" sizes=\"auto, (max-width: 382px) 100vw, 382px\" \/><\/a><p id=\"caption-attachment-1004181957\" class=\"wp-caption-text\">Jeff Weidell, president, NorthMarq Capital<\/p><\/div>\n<p>NorthMarq Capital has acquired Western Capital Realty Advisors, a leading commercial mortgage banking firm in Salt Lake City. The acquisition includes a $400 million loan servicing portfolio.<\/p>\n<p><em>\u201cWe liked the market and we liked the people. Western Capital Realty Advisors has forged a high-quality reputation in the\u00a0<a href=\"https:\/\/www.commercialsearch.com\/news\/okland-aviation-lands-740m-salt-lake-city-airport-project\/\">real estate finance business<\/a> in Utah, with established relationships of lenders and borrower clients,\u201d <\/em>Jeff Weidell, NorthMarq Capital\u2019s president, told<em> Commercial Property Executive. \u201cUtah is an expanding economy with fine prospects for future growth.\u00a0This marriage of a team of experienced professionals who share our value of client service, in conjunction with NorthMarq\u2019s added capital capabilities like Freddie Mac, Fannie Mae, and HUD, looked like a great opportunity for both sides, so we made a deal.\u201d<\/em><\/p>\n<p>The acquisition marks\u00a0NorthMarq\u2019s 37th office.<\/p>\n<p><em>\u201cNorthMarq Capital\u2019s goal is to be \u2018the premier provider of real estate capital solutions\u2019 and this acquisition supports that vision,\u201d <\/em>Weidell said.<em> \u201cAdding John Bradshaw and his team is consistent with our acquisitions over the last 20 years of acquiring mortgage-banking firms that fit our operating philosophy and culture. While we definitely have growth plans,\u00a0we approach it carefully, focused on finding the right fit for our company and our clients. Salt Lake City and Utah were a target market for us, and WCRA was the right cultural fit. We will continue to grow in markets where we do not have a presence or we are currently under-represented.\u201d<\/em><\/p>\n<h2>&#8220;New&#8221; Leadership Tapped<\/h2>\n<p>John Bradshaw, Western Realty Capital\u2019s founder, will join the company as managing director. Additionally, principals Nate Barnson, Larry Pinnock, and Dale Christiansen will come aboard NorthMarq as well as key employees Tara Jewkes and Tom Bradshaw. The firm\u2019s principals have completed more than $4 billion in commercial real estate debt and equity transactions and have deep relationships with many Utah-based developers.<\/p>\n<h2>Previous Deals<\/h2>\n<p>Prior acquisitions for NorthMarq have included Dallas-based Askew\/Reese Investment Co. and San Francisco-based Trowbridge, Kieselhorst &amp; Co. in 2000; Legg Mason Real Estate Services, which included 17 offices on the East Coast, in 2003; James R. Poole &amp; Co. in New Jersey in 2004; First Monroe of Rochester, N.Y., in 2006; Baird &amp; Warner Real Estate Finance in Chicago in 2007; Crouse &amp; Associates in Raleigh, N.C., in 2008; New England Realty Resources in Boston in 2012; Quest Commercial Capital Corporation in Cincinnati in 2014; and AmeriSphere Multifamily Finance in 2015.<\/p>\n<p>According to Weidell, given the uncertainty surrounding different property types (ie..retail having industry issues, multi-family maybe at a peak), the firm thinks it is valuable for mortgage bankers to have varied resources on the capital side, in order to adapt to any changes in the market.<\/p>\n<p><em>\u201cThis makes this an opportune time for us to acquire those who may be doing well now, but may have limited options if conditions change,\u201d <\/em>he said.<em> \u201cGiven the additional capital resources WCRA will have, in the near term we really want to make sure the producers have adequate support to aid in their production and will hire to do so. Longer term we envision growth. As with all our acquisitions, we did not acquire WCRA to change them, just to add to their business and grow.\u201d<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Utah-based Western Capital Realty Advisors has completed more than $4 billion in commercial real estate debt and equity transactions. This acquisition marks NorthMarq\u2019s 37th office.<\/p>\n","protected":false},"author":451,"featured_media":1004181957,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21808,21825,21783,21742,21747,1606,15],"tags":[32910,32938,36400,34291],"class_list":["post-1004181915","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-featured","category-finance","category-investment","category-latest","category-office","category-salt-lake-city","category-west","tag-fannie-mae","tag-freddie-mac","tag-jeff-weidell","tag-northmarq-capital"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>NorthMarq Capital Buys SLC Mortgage Banking Firm - 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\/northmarq-capital-buys-slc-mortgage-banking-firm\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NorthMarq Capital Buys SLC Mortgage Banking Firm\" \/>\n<meta property=\"og:description\" content=\"The Utah-based Western Capital Realty Advisors has completed more than $4 billion in commercial real estate debt and equity transactions. 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