Detroit-based District Capital, Indianapolis-based Crossroads Realty Advisors and Cleveland-based Westwood Real Estate Capital have joined forces to create a new commercial mortgage origination and loan-servicing organization. The newly created partnership will be known as District Capital.
The partnership combines three of the Midwest’s top independently owned commercial mortgage banking firms and creates one of the region’s most formidable and experienced companies in the industry. The firms’ related industry relationships and expertise made the alliance organic and will help to advance District Capital’s market-leading financing execution.
Together, the three offices will share numerous synergies, combine over 25 employees and provide clients with over 30 years of experience in commercial mortgage banking.
“This expansion is a major milestone for District Capital as we work toward our strategic vision of leading Midwest commercial real estate financing,” says Kevin Kovachevich, principal of District Capital. “By partnering with our fellow Midwest colleagues, we’re expanding our resources and relationships which are critical to thrive in our highly network driven industry.”
The new partnership provides District Capital with new resources, extended networks and forward-thinking strategies to offer clients the most creative financing solutions in the marketplace. Through their wide network of lender relationships, District Capital provides access to sophisticated financing strategies including Life Insurance Company Financing, CMBS, Construction, Bridge, Mezzanine, Pre-Development Lending and more.
