Gantry Joins Forces with Westcap to Strengthen Market Position
Gantry, Inc., a prominent player in the commercial mortgage banking industry, has taken a significant step forward by integrating the operations of Westcap Corp into its existing framework. This strategic move is set to enhance Gantry's footprint in Southern California, where the two firms plan to work together to create a powerful team dedicated to serving clients.
Impact of the Merger on Loan Production
This merger will greatly contribute to Gantry’s correspondent-driven loan production efforts. With the addition of over 250 existing loans, representing $3.2 billion in servicing responsibilities, the integration promises to solidify the company's standing in the market. As a result, Gantry's servicing portfolio expands to an impressive total of over $23 billion.
Commitment to Client Service
Key personnel from Westcap will seamlessly transition to Gantry’s team. The Managing Director, Steve Beck, alongside other top executives like Steve Bridges and Topher Van Mourick, will ensure that clients continue to receive exceptional service. Established in 1981, Westcap has built a solid reputation throughout the Western states; now, the team will operate under the Gantry name, providing clients with enhanced services and resources.
Gantry's Vision for the Future
"By incorporating Westcap into our operations, we aim to strengthen our commitment to being the foremost employee-owned commercial mortgage banking firm in the nation," said George Mitsanas, Principal and Corporate President of Gantry. This integration aligns with Gantry’s values of prioritizing client service and enhancing its product offerings.
Enhanced Product Offerings for Clients
Both Gantry and Westcap share a vision for providing clients with improved options and services. The merger allows Gantry to offer new resources, including specialized lending products and a broader network of correspondent relationships. Steve Beck emphasized that the quality of service clients have come to expect will remain a top priority.
A Milestone in Gantry's Growth
The acquisition of Westcap is more than just an expansion; it represents a pivotal moment in Gantry's growth strategy. Led by a strong acquisition team including Michael Heagerty and George Mitsanas, Gantry has undertaken various strategic growth initiatives in recent years. This includes the acquisition of Q10|Triad Capital Advisors, alongside previous expansions like Norris, Beggs, & Simpson’s mortgage banking arm and The Rose Hill Group.
About Gantry
Gantry stands out as a privately held firm with a commitment to independent thinking. With more than 30 years of experience in loan production and managing a national servicing portfolio of $23 billion, the company prides itself on a personalized approach. In an industry that is rapidly consolidating and often feels impersonal, Gantry differentiates itself by focusing on high standards and prioritizing the needs of its clients.
Frequently Asked Questions
What is the significance of the merger between Gantry and Westcap?
The merger enhances Gantry's capabilities and expands its servicing portfolio, allowing for improved loan production and client services.
How many loans and servicing responsibilities will Gantry acquire?
Gantry is acquiring over 250 existing loans with $3.2 billion in servicing responsibilities through this merger.
Who are the key executives involved in the merger?
Key executives include Managing Director Steve Beck, Executive Vice President Steve Bridges, and Director Topher Van Mourick from Westcap.
What is Gantry's vision after the merger?
Gantry aims to be the premier employee-owned commercial mortgage banking firm, enhancing client services and product offerings.
How long has Westcap been in operation?
Westcap has been a trusted mortgage banking presence since its establishment in 1981.
