Bellwether Enterprise Grows West Coast Footprint with Major Expansion
- Mar 29, 2017
Los Angeles—Bellwether Enterprise Real Estate Capital, the commercial and multifamily mortgage banking subsidiary of Enterprise Community Investment Inc., is expanding its West Coast platform with 22 new hires. The company’s growing presence in Southern California is mirroring strong regional demand and is in keeping with Bellwether’s long-term strategy of expanding its reach nationwide.
“The extensive expansion will provide Bellwether Enterprise a full service approach in Southern California resulting in arguably the most comprehensive set of permanent loan financing options for clients in that region,” Ned Huffman, president of Bellwether Enterprise, said in a prepared statement.
The expansion includes nine additional producers, four servicing and nine support staff. The newly formed Los Angeles office will add 13 new employees, while six will be based in the current Irvine office and three will be joining the new San Diego location. The company also operates a Northern California office in San Francisco. The expansion is expected to add more than $1 billion in annual loan volume, bringing the overall anticipated volume for 2017 to $6 billion.
“By adding additional expertise to the market and expanding upon our product offerings, Bellwether Enterprise has become a true full-service platform in Southern California,” Todd Harrop, executive vice president & national director of capital markets at Bellwether Enterprise, said in prepared remarks.
Bellwether Enterprise will maintain a servicing office in Los Angeles where all asset management, property inspections and financials, as well as surveillance functions will be overseen.
Images courtesy of Bellwether Enterprise