Morgan family office invests in commercial mortgage banker BWE

Springmont Capital, the private investment office of the Morgan family, has agreed to acquire a majority interest in BWE together with Bayview MSR Opportunity (US) Master Fund, L.P. BWE, a national commercial and multifamily mortgage banking company, announced the definitive agreement on 23 July 2026. Bayview is slated to become the majority owner, with Springmont taking the smaller share of the acquired stake and BWE management remaining a significant minority owner. CEO and president DJ Effler will continue to lead the business under the existing BWE brand. The MSR Fund is managed by Bayview Asset Management, LLC, a credit-focused investment management firm with approximately $44.7 billion in assets under management as of 30 June 2026, which invests in residential, commercial and consumer credit including mortgage servicing rights and whole loans. Financial terms, including the valuation and the exact size of the stake, were not disclosed. The transaction is expected to close in the autumn of 2026, subject to regulatory and counterparty approvals and other customary closing conditions. Wells Fargo acted as exclusive financial adviser to BWE and White & Case served as its legal counsel, while Mayer Brown advised the MSR Fund and Springmont. “BWE has achieved strong growth in recent years and sought strategic partners who can further strengthen our offerings,” said Effler.

About Springmont Capital: The Morgan Properties family office

Springmont Capital is the private investment office of the Morgan family, owners of Morgan Properties, one of the largest privately held multifamily real estate companies in the United States. Mitchell Morgan founded Morgan Properties in 1985 at the age of 31 in King of Prussia, Pennsylvania, starting with three apartment communities. Before entering real estate he worked as an accountant while taking night classes for a law degree at Temple University. The company’s breakthrough deal was the 2007 purchase of roughly 17,000 apartment units from Kushner Companies alongside AIG Global Real Estate. Morgan Properties and its affiliates today own and manage more than 350 apartment communities and over 95,000 units across 19 states, with Mitchell Morgan’s sons Jonathan and Jason Morgan serving as the second-generation leaders of the platform. Springmont makes long-term investments across real estate financial services, sports and technology, and its holdings include minority ownership stakes in the NFL’s Washington Commanders and Major League Baseball’s Philadelphia Phillies.

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Article Source: BWE, 03.08.2026