Thursday, November 21, 2013

Charlotte commercial mortgage broker acquires Raleigh peer

Charlotte-based commercial mortgage broker Capital Advisors Inc. said this week that it has acquired a similar company based in Raleigh in a deal that will give the firm more partnerships and industry veterans.

Dickinson, Logan, Todd and Barber Inc. has agreed to merge into the company, which will continue to be headquartered in Charlotte and run by Capital Advisors CEO C. Cooper Willis. The two companies had been talking about a merger for several years. Terms of the deal were not disclosed.

Capital Advisors has originated more than $13 billion in commercial loans since it was founded in 1994. Once the deal is done, the combined company will service more than $1.5 billion in loans on behalf of insurance groups that invest in real estate, like MetLife and Prudential.

Besides Charlotte, the company has loan production offices in Raleigh, Greensboro, Columbia, S.C., Greenville, S.C., Atlanta, Birmingham, and Jacksonville, Fla.

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