MINNEAPOLIS (Sept. 6, 2017) – NorthMarq Capital announced today that it has acquired the operations of Daisely Ruff Financial Corporation, a founding member of the Q10 network of commercial mortgage banking firms based in Omaha, Nebraska. The acquisition makes the combined office the largest commercial mortgage banking firm in Omaha, based upon the number of producers, servicing portfolio and annual production volume.
Daisley Ruff’s co-founder Stephen Ruff will join NorthMarq as senior vice president/managing director, bringing his deep relationships with lenders and borrowers from across the Midwest. In addition, Bob Chalupa, a 30-year mortgage banking veteran, will join the company as senior vice president, continuing his track record with borrowers in Omaha and the region.
“With their many long-term life company relationships and local and regional client base, the team at Daisley Ruff will be a great complement to NorthMarq Capital’s life company relationships as well as our agency and CMBS sources,” said Jeffrey Weidell, president-NorthMarq Capital.
The 25-year old firm, founded by Ruff and E.T. “Ding” Daisley, brings 25 life company correspondents and a servicing portfolio of $660 million to NorthMarq Capital, continuing to build NorthMarq’s significant presence across the US, which includes three dozen production offices and a servicing portfolio exceeding $50 billion.
“When Ding and I started Daisley Ruff in 1989, we knew that our success would be based on integrity and transparency. After years of competition, I know that integrity is a cornerstone at NorthMarq,” said Ruff. “Most importantly, we can now offer our borrowers the most comprehensive capital platform in the market.” He and Chalupa will join the five production professionals in the existing Omaha office led by John Reed, managing director.
“We are excited to have Steve, Bob, and the Daisley Ruff team join our office. We have been friendly competitors for years and have tremendous mutual respect. Bringing our teams together will provide customers with even better access to outstanding capital sources for commercial real estate. This is a real win for our clients, lenders, and employees,” said Reed.
NorthMarq Capital has a history of acquisitions, with the most recent being Western Capital Realty Advisors in Salt Lake City. Prior acquisitions have included: AmeriSphere Multifamily Finance in 2015; Quest Commercial Capital Corporation in Cincinnati in 2014; New England Realty Resources in Boston in 2012; Crouse & Associates in Raleigh, N.C., in 2008; Baird & Warner Real Estate Finance in Chicago in 2007; First Monroe of Rochester, N.Y., in 2006; James R. Poole & Co. in New Jersey in 2004; Legg Mason Real Estate Services, which included 17 offices on the East Coast, in 2003; and Dallas-based Askew/Reese Investment Co. and San Francisco-based Trowbridge, Kieselhorst & Co. in 2000.