Announced
Financials
Sources
Tags
Mortgage Finance
Pending
Private
Acquisition
Single Bidder
United States
Friendly
mortgage bank
Majority
Synopsis
Gantry, an independently owned commercial mortgage banking company, agreed to acquire the mortgage banking production and servicing platform of Norris, Beggs & Simpson, which provides commercial real estate capital to borrowers and investors seeking financing for property acquisitions and refinancing needs. Financial terms were not disclosed. "Norris, Beggs & Simpson has been one of the pioneers in our industry, and we have long admired their professionalism. We have always had a special affinity with their people, and indeed, a number of us at Gantry actually began our own mortgage banking careers with Norris, Beggs & Simpson in their prior San Francisco office. Now we’ve come full circle and we are thrilled about this opportunity," Mitchell Zeemont, Gantry Founding Partner.
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