San Francisco-based Gantry Inc., a national commercial mortgage banking firm, is acquiring Irvine-based loan servicing company Westcap.
The merger means Gantry takes on Westcap’s $3.2 billion loan servicing portfolio, which has 250 loans. Gantry now services $23 billion in loans by bringing in Westcap.
Key leaders, Westcap co-founder Steve Beck, Executive Vice President Steve Bridges and Director Topher Van Mourick, will remain in their roles to ensure a smooth transition.
The Westcap name, however, will no longer exist as the loan servicing company, moving forward, will operate as part of the Gantry brand.
Westcap’s employees will move from its headquarters at 9960 Irvine Center Drive in Irvine and into Gantry’s Orange County office located at 19600 Fairchild Road.
Gantry also has offices in: Kansas City, Missouri; Las Vegas; Los Angeles; New York City; Phoenix; Portland, Oregon; St. Louis; Seattle; and Spokane, Washington.
Westcap merging with Gantry is part of the latter company’s strategy to expand its commercial mortgage banking operations. Other recent acquisitions spearheaded by Gantry include Triad Capital Advisors in October, Norris, Beggs & Simpson’s mortgage banking arm in 2020 and The Rose Hill Group in 2019.
Westcap was founded by Beck and Craig Rommel in 1981 and provided loans to its clients in the Western United States from its Irvine and Los Angeles offices.
