November 9, 2020
Cleveland-based Bellwether Enterprise Real Estate Capital LLC opened new offices in Phoenix and La Jolla. The commercial and multifamily mortgage banking company is a subsidiary of Enterprise Community Investment Inc.
The expansion is expected to add more than $1.5 billion in loan volume over the next twelve months. The firm recorded robust loan production volume of $7.9 billion in 2019.
The expansion comprises a team led by Charlie Williams, EVP in the Phoenix office. Williams most recently served as senior managing director at Berkadia, where he was responsible for originating debt and equity investments on all commercial property types.
Bellwether Enterprise’s Ned Huffman says, “Demand for multifamily housing, affordable and workforce housing, and manufactured housing remains strong in the western region, and there is increasing need for mortgage banking firms that cater to the individual needs of investors.”
For comments, questions or concerns, please contact Dennis Kaiser