Coldwell Banker franchise affiliate Coldwell Banker Real Estate Group acquired California lender Point Mortgage, the firms announced on Wednesday.
Founded by Peter Mendiola and Johnny Margarini in 2000, Point Mortgage sponsors 126 MLOs and is licensed in 30 states with 27 branches across the country, according to the NMLS.
“This new association brings our company closer to our goal of a one stop shopping experience for buyers and sellers of real estate,” Mike Prodehl, president and CEO of Coldwell Banker Real Estate Group, said in a statement.
Terms of the deal were not disclosed.
Led by CEO Mike Prodehl, Coldwell details ⇒
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