Gantry Welcomes Norris, Beggs & Simpson Financial Services’ (NBS) Commercial Real Estate Mortgage Banking Team; Re-Flags NBS’ Portland Mortgage Banking Office and Expands Gantry’s Seattle Office; Combined Servicing Portfolio to Exceed $16 Billion with $4 Billion in Annual New Loan Production; Expands Unrivaled National Roster of Commercial Property Mortgage Lenders.
Gantry, the nation’s largest independently-owned commercial mortgage banking company is acquiring Norris, Beggs & Simpson’s commercial real estate mortgage banking group, which includes production and servicing offices in Portland, OR and Seattle, WA. With this acquisition, Gantry enters the Portland market, and expands its existing operations in Seattle. Gantry also has offices in San Francisco, Los Angeles, Orange County, Phoenix, Las Vegas, Spokane and Buffalo, NY. The combined production for 2019 would have exceeded $4 billion in loan volume.
“Gantry found an opportunity to expand and enhance our west coast platform by adding seasoned, like-minded talent that shares our commitment to superior customer service,” said Jeff Wilcox, Principal with Gantry. “Our history and great relationship with the Norris, Beggs & Simpson team through the years make this strategic move a natural for all involved.”
Norris, Beggs & Simpson’s producers Blake Hering and Paddy Ryan in Portland, and Michael Wood in Seattle, will be joining Gantry as new partners. NBS Financial Services is one of three subsidiaries of Norris, Beggs & Simpson Companies, founded in 1932 in Portland, OR. The transaction does not involve the other subsidiaries, and Norris, Beggs & Simpson shall continue to independently own and operate its NBS Real Estate Consulting and Morrison Street Capital platforms.
“We are pleased to join a proven team of producers and servicers with a successful platform that will enhance our ability to serve our client relationships in the Pacific Northwest” said Hering on behalf of the Portland office. Adds Wood in Seattle, “We have known the Gantry Principals for decades and have had the opportunity to work side-by-side with them on all aspects of commercial mortgage finance. During those years, our team has always enjoyed a collaborative professional relationship with Gantry and its leaders. This familiarity and history mean our clients can expect a seamless transition into Gantry with no interruption to service or loan closings particularly with our mortgage banking staff joining Gantry.”
Mitchell Zeemont, a founding partner of Gantry, stated that “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.”