Bellwether Enterprise Real Estate Capital LLC, the commercial and multifamily mortgage banking subsidiary of Enterprise Community Investment Inc., has acquired Washington, D.C. area-based, Phillips Realty Capital. With offices in Bethesda, MD as well as Alexandria, Charlottesville and Richmond, VA, Phillips has been a fixture in the Washington, D.C. real estate community for 85 years. Led by C. Stephen Shaw, Jr., now executive vice president, the team of commercial real estate finance professionals will now be part of a national, privately-owned platform that will provide expanded financing solutions for its clients.
“Shaw and his team have deep roots in the D.C. region’s commercial real estate market and a strong culture like ours,” said DJ Effler, president of BWE. “The team is an ideal partner for BWE, and we are thrilled to have them join as our largest production office.”
Shaw and his team have historically originated more than $1.5 billion in annual production, with total volume for 2021 expected to hit $1.9 billion thanks to a focus on multi-family lending and strong borrower relationships.
John R. Sieber, executive vice president, Daniel S. Shiff, senior vice president, Joseph C. Tilley, director of financial operations, David C. Foulk, senior vice president, William Wrench, vice president, Mark Remington, senior vice president, Adam Bieber, senior vice president and Charles DuBose, senior vice president, are among the 20 employees who will also join the BWE team.
BWE provides flexible financing solutions for clients covering the entire spectrum of commercial and multifamily real estate.
