InterContinental Capital Group announced that it is expanding its presence in Charlotte, adding 500 new employees and investing $5.8 million to expand its corporate office in North Carolina’s most-populated city.

Headquartered in Melville, New York, InterContinental Capital is a direct mortgage lender that specializes in providing home financing for single-family residential properties. The company currently employs about 180 people in Charlotte’s Montford area.

InterContinental Capital’s expansion comes on the heels of the previously mentioned Centene Corp. project from July and fintech firm Retirement Clearinghouse’s August announcement of a 300-job expansion at its Charlotte location. 

“Even amidst a global pandemic, Charlotte continues to prove it is an attractive market for businesses to expand and relocate due to our strong talent pool, low cost of doing business and our commitment to creating a great place for both people to live and do business,” says Fran West, assistant director for Economic Development/Business Recruitment. 

The project was a collaborative effort between the City of Charlotte, Mecklenburg County, the North Carolina Department of Commerce, the Economic Development Partnership of North Carolina, the North Carolina Community College System, Central Piedmont Community College, University of North Carolina Charlotte and the Charlotte Regional Business Alliance.