Two North Carolina commercial mortgage banking firms, Charlotte-based Capital Advisors and Raleigh-based Dickinson, Logan, Todd & Barber, have agreed to merge.
The combined business will be headquartered in Charlotte and will be called Capital Advisors. C. Cooper Willis, currently president of Capital Advisors, will be president of the combined business.
Dickinson Logan founders John P. Logan and James B. Barber and the company’s president, Fred D. Ross Jr., will remain with the combined business. Founder Kenneth D. “Dockey” Dickinson will be a strategic adviser and will manage special projects.
Capital Advisors, founded in 1994, specializes in arranging long-term financing for commercial properties. It has originated more than $13 billion in loans and currently services loans for 40 insurance companies in 27 states. In addition to Charlotte, it has offices in Raleigh and six other cities across the Southeast.
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Dickinson Logan was founded in 1980 and has originated more than $5 billion in loans. It is servicing more than $300 million in commercial loans for insurance companies and, according to its website, has offices in Greensboro and Columbia, S.C., as well as Raleigh.
“This merger combines talented people, a similar culture, and expertise that together will allow our companies to grow and be more competitive for the long term,” Dickinson said in a statement.
Staff writer David Ranii