The acquisition strengthens BMC's push into the Mountain States market. BMC is currently the nation's top commercial mortgage broker for the $500,000-to-$10-million sector of commercial property financing.
"We're excited because this is such a good fit and our customers will really benefit from our combined resources," says Brian Tanner, president and managing director of Western Financial. "There is a great deal of synergy between our firms and I have always been impressed with BMC's capabilities. BMC's extensive resources and access to capital will allow Western Financial's customers to receive the best rates, terms and execution available in the marketplace today."
Adds Jonathan Morris, president of BMC: "Western Financial's strong reputation and loyal customer base make it the ideal platform for BMC to expand its Mountain States presence. We are excited to provide our products and services to the underserved small loan market."
The acquisition, he says, enables BMC to extend its lead in the small scale, multifamily and commercial mortgage sector. In addition to adding to its revenue base, the acquisition also provides BMC with several new proprietary lending relationships.
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