Laureate Capital Acquires $325 Million of Commercial Servicing Rights
Laureate Capital has acquired Atlanta-based Wilson & Nolan Southeast for an undisclosed amount, in a move that will expand Laureate's Atlanta operations and give it a presence in Jacksonville, Fla.
The acquisition includes Wilson & Nolan's $325 million servicing portfolio and loan origination platform, Laureate, a subsidiary of Branch Banking and Trust Co., reports.
Geoff Nolan, founder of Wilson & Nolan, will join Laureate's Atlanta office.
Berke Wilson, co-founder of the company, is not joining Laureate and will "maintain the management and leasing components" of Wilson & Nolan.
Laureate Capital specializes in arranging financing, and asset and portfolio management. The company also services securitized loans, loans for life insurance companies and Freddie Mac.
Wilson & Nolan has arranged more than $3.5 billion in debt transactions throughout the Southeast since 1987, according to Laureate, and the firm recently opened a second office in Jacksonville.
Mr. Nolan said, "Our debt placement and servicing expertise combined with Laureate's large resource base - including BB&T's growing presence in Atlanta and Jacksonville - will make for a successful union. Laureate has one of the premier loan servicing organizations in the country, one which is very responsive to the needs of both borrowers and lenders."
Kelly Martone, a commercial mortgage producer for Wilson & Nolan, is also joining Laureate.
Laureate's Jacksonville office will be led by Taylor Williams, a senior commercial mortgage producer for Wilson & Nolan.
And Laureate's current Atlanta operations will be relocating to Wilson & Nolan's office in Atlanta's Buckhead area.
"We are pleased to have Geoff, Taylor and Kelly join our organization," said Thomas S. Dennard, president and CEO, Laureate Capital. "This is important news for us because it represents the expansion of our presence in the fast-growing Atlanta area and a new office for us in the dynamic Jacksonville market."
Laureate Capital has 15 offices located in North Carolina, South Carolina, Tennessee, Georgia, Virginia, Alabama, Indiana, Florida and Pennsylvania, according to the company.
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