Bellwether Enterprise Real Estate Capital LLC (Bellwether Enterprise), the commercial and multifamily mortgage banking subsidiary of Enterprise Community Investment Inc. has acquired Maher Commercial Mortgage.
The team, led by Thompson Maher, is based in Philadelphia and will continue to focus on the Pennsylvania, New Jersey, and Delaware markets.
“This acquisition is an exciting step in our strategic expansion in the Northeast, enabling us to serve more communities,” said Ned Huffman, president of Bellwether Enterprise. “Thompson and his team are going to be major assets to Bellwether Enterprise, and we are excited to welcome them aboard.”
The acquisition will add more than $900 million annual loan volume and $3 billion in servicing to Bellwether Enterprise, which is projected to bring the firm’s total annual loan volume to more than $8.8 billion and its servicing portfolio to more than $30 billion.
“We are excited to join Bellwether Enterprise and be a part of their growth and future success,” said Maher. “The Bellwether Enterprise platform and culture are a perfect fit for our team, which has been focused on correspondent-based mortgage banking for more than 39 years.”
Joining Bellwether Enterprise are six support staff and five loan producers, including Maher, Steve Perricone, Kevin Hicks, Tom Mazlo, and Andrew Tomaino.
Bellwether Enterprise provides financing solutions for clients covering the entire spectrum of commercial and multifamily real estate.