BWE, a national commercial and multifamily mortgage banking company, announced today that three senior vice president loan originators have joined the Norfolk, VA team. The new team members, Rad Davenport, Gary Beck, and Victor Pickett, represent BWE’s continued growth in the Mid-Atlantic area, following the firm’s expansion into Washington, D.C., and Richmond, VA, in 2022 with the acquisition of Phillips Realty Capital.
Davenport, Beck and Pickett bring significant expertise working with a variety of capital sources, including agency lending, life companies, CMBS, banks, and credit unions. All three new senior vice presidents joined BWE from Grandbridge Real Estate Capital along with Bill Watson as Vice President.
“We’re thrilled to have Rad, Gary, Bill, and Victor join our team in Norfolk. Their experience building strong relationships with clients and securing financing for all property types will help further expand our presence in the Mid-Atlantic market,” said Todd Harrop, BWE’s national director of conventional production. “We look forward to seeing this new team utilize their real estate finance expertise to help both new and existing clients and strengthen BWE’s business in the region.”
The new team will work alongside BWE veteran Kelly Martone in Norfolk, who joined BWE’s predecessor company Capital Advisors in 2010. Martone is responsible for originating commercial real estate loans across the Southeast and Mid-Atlantic, and over the course of her tenure has originated over $2 billion for BWE clients.
“Our team is excited to join BWE and to work alongside Kelly in Norfolk. BWE’s extensive track record of providing high quality capital solutions will allow us to meet the needs of our new and existing clients more effectively,” said Davenport, whose team of industry veterans have executed more than $3.5 billion in financing for clients. “There’s a lot of room for growth here in Norfolk and across the Mid-Atlantic, and we’re looking forward to this new chapter with BWE.”
The expansion continues BWE’s strong period of growth despite the challenging economic environment and the COVID-19 pandemic. The firm expanded or opened three additional offices across the South in 2023 and has increased its producer base by 35 percent over the last five years. BWE will continue to add additional talent throughout 2024.