MINNEAPOLIS (June 22, 2017) – NorthMarq Capital announced today that it has acquired Western Capital Realty Advisors, a leading commercial mortgage banking firm in Salt Lake City, Utah, making it NorthMarq’s 37th office. Western Realty Capital’s founder, John Bradshaw, joins the company as a Managing Director. The acquisition includes a $400 million loan servicing portfolio.
“We believe Western’s culture and commitment to clients will be a perfect fit with NorthMarq Capital’s platform and people,” said Ed Padilla, CEO, NorthMarq Capital. “This acquisition is very similar to others our firm has made in the last 20 years, and our remarkable growth has been due in part to how well each acquisition has fit into our company. We welcome the Western team and look forward to helping them leverage our large network of lender relationships for their current and future clients.”
“I scoured the country for the right fit. I am excited to say that NorthMarq was perfect for us. This gives the Salt Lake City team more muscle from new lending relationships with Fannie Mae, Freddie Mac, HUD and other commercial real estate lenders. I am happy to bring my highly experienced team of industry veterans and our clients into this larger organization,” said Bradshaw, who has been in mortgage banking for more than 30 years and started Western in 1996.
In addition to Bradshaw, Principals Nate Barnson, Larry Pinnock, and Dale Christiansen will join NorthMarq with key employees Tara Jewkes and Tom Bradshaw. The firm’s principals have completed more than $4 billion in commercial real estate debt and equity transactions and have deep relationships with many Utah-based developers. The office will begin operating as NorthMarq Capital immediately.
NorthMarq’s prior acquisitions have included: Dallas-based Askew/Reese Investment Co. and San Francisco-based Trowbridge, Kieselhorst & Co. in 2000; Legg Mason Real Estate Services, which included 17 offices on the East Coast, in 2003; James R. Poole & Co. in New Jersey in 2004; First Monroe of Rochester, N.Y., in 2006; Baird & Warner Real Estate Finance in Chicago in 2007; Crouse & 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.