Principal John Morran joins NorthMarq after its recent acquisition of Texas Realty Capital.
AUSTIN, TX—NorthMarq has acquired Texas Realty Capital, an Austin-based commercial mortgage banking firm. The office becomes the company's fourth location in Texas and adds a servicing portfolio of $900 million, bringing NorthMarq's servicing portfolio to more than $56 billion.
The firm's principals, Jim Lemos, John Morran and Matt Counts, will join NorthMarq along with the firm's five additional employees. Texas Realty Capital, founded in 2006 when its principals left GMAC Commercial Mortgage, has placed more than $3 billion in loans on commercial, multifamily and hotel properties, working as a life company correspondent with nearly 30 capital sources.
“Austin is an excellent growth market with opportunity for us, and we knew that the culture Jim, John and Matt have developed with borrowers and lenders would be an ideal fit for NorthMarq,” said Jeffrey Weidell, president of NorthMarq. “As with our previous acquisitions, we are careful to find the right team that will benefit from our growing platform and integrate easily with our business.”
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
