Bellwether Enterprise Real Estate Capital LLC entered into an agreement to acquire the assets of Capital Advisors Inc.
The acquisition will add more than $1 billion in annual loan volume and $1.75 billion in servicing to Bellwether, bringing the firm’s total annual loan volume to more than $4.5 billion and its servicing portfolio to $10.2 billion.
The transaction is subject to Bellwether board approval and is expected to close at the end of the month.
Capital Advisors, which has been in business since 1994, is headquartered in Charlotte, N.C., and has offices in Greenville and Columbia, as well as Atlanta; Birmingham, Ala.; Memphis, Tenn.; and Greensboro and Raleigh, N.C. Capital Advisors will take on the Bellwether name at closing, and all of its business practices and quality of service will remain the same.
Ned Huffman, president of Bellwether, said in a release, “This acquisition will help strengthen our market share in the Southeast and beyond, further positioning us to become the best and the most respected mortgage banking company in the United States.”