NorthMarq broadened its Texas presence with the acquisition of Texas Realty Capital, a commercial mortgage banking firm, located in Austin. As part of the acquisition, Texas Realty Capital’s principals, Jim Lemos, John Morran and Matt Counts, along with five additional employees, will operate under the NorthMarq brand.
Texas Realty Capital opened in 2006, when its principals left GMAC Mortgage. Since that time, the company placed more than $3 billion in loans on commercial, multifamily and hotel properties. “Austin is an excellent growth market with opportunity for us, and we knew that the culture Jim, John and Matt have developed with borrowers and lenders would be an ideal fit for NorthMarq,” said NorthMarq’s Jeffrey Weidell.
Morran will be office’s managing director. His years of experience include management positions at Keystone Mortgage Capital (with Lemos) and Cencor Realty Services/Weitzman.
Pictured (L-R): John Morran, Jim Lemos
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