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CLEVELAND—Bellwether Enterprise Real Estate Capital, LLC has just entered into a merger agreement with Towle Financial Services, a mortgage banking firm in Minneapolis and Detroit. The merger, which company officials expect will close by the beginning of September, will add about $400 million in annual loan volume and $1.4 billion in servicing. Bellwether, the Cleveland-based subsidiary of Enterprise Community Investment, Inc., will then have a total annual loan volume of $2.5 billion and $8 billion in servicing.

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