Bellwether Enterprise Real Estate Capital LLC will open its first office in Nashville, Tennessee, building on the firm’s established presence and borrower relationships in its Memphis office.
“Over the past two years, Nashville’s real estate sector has grown tremendously, and as a leader in property financing, Bellwether Enterprise is proud to expand our services to Nashville,” said Todd Harrop, executive vice president and national director of capital markets at Bellwether Enterprise, in a statement. “We are committed to supporting the economic vitality and development of Tennessee’s communities, and we see a great opportunity to contribute to Nashville’s growth in the years to come.”
Nashville’s strong economic expansion has been driven in part by the city’s strong employment growth in both white- and blue-collar industries, as well as considerable payroll rise. In the real estate sector, both the number of transactions and investment dollar volume increased on a year-over-year basis in 2018 across the four major property types. Buyers remained bullish with regards to the apartment market, with total local activity nearing $2 billion last year. Meanwhile, activity for investment-grade assets hovered near the $1 billion mark each for office, industrial and retail property types in 2018.
Bellwether Enterprise’s new office in Nashville, which will officially begin operation in the fall of 2019, will offer competitive financing for all major property types, including multifamily, office, industrial and retail. It will also aim to expand Bellwether’s work in financing housing for seniors.
“As the only mission-driven mortgage banking company in the country, Bellwether Enterprise is delighted to bring our diverse and competitive lending platforms to Nashville,” said Brittney Rowe, assistant vice president at Bellwether Enterprise, who will open the Nashville office along with senior vice president Jeremy Chism. “We look forward to working with the local community to ensure we’re meeting the evolving needs of commercial real estate borrowers through our expertise and product offerings.”