Finance N Illinois

Prabhat Jayara promoted to VP of underwriting at Mag Mile Capital

Prabhat Jayara promoted to VP of underwriting at Mag Mile Capital,ph01
Prabhat Jayara
Mag Mile Capital

Mag Mile Capital, formerly Aries Conlon Capital, has promoted Prabhat Jayara to vice president of underwriting and originations. Formerly an associate vice president, Jayara is responsible for originating, underwriting and packaging client transactions for lender review, as well as evaluating new investment opportunities.

Since joining the firm in 2014, he has participated in closing over $500 million in financing for hotels, multifamily, industrial, self-storage, office and retail properties nationwide. Prior to his employment with the firm, Jayara held finance positions with Group One Trading, L.P. and Morgan Stanley in New York, as well as SAC Capital Advisors in Stamford, Connecticut and Cap Gemini S.A. in Chicago.

“Prabhat is a talented underwriter with an impeccable worth ethic, an unbelievable ability to deal with ambiguity and focus on client satisfaction,” said Rushi Shah, chief executive officer and principal of Mag Mile Capital. “He is adept at analyzing all aspects of the deal, from working closely with Wall Street lenders and other capital sources, to diligently assessing each client’s situation to ensure he or she receives the best rates, terms and maximum proceeds possible. He has made himself very valuable to our organization with financial acumen and our clients value his expertise.”

Jayara earned a bachelor of science degree in finance and management from New York University’s Leonard N. Stern School of Business. He also completed international studies programs in Prague and Singapore. Jayara is highly active in the Asian American Hotel Owners Association (AAHOA) through the firm’s status as a Club Blue Founding Member.