Finance N Illinois
Craig Smiddy;Old Republic International Corporation

Old Republic shuffles senior executive ranks

Old Republic International Corporation (ORI) announced several changes in its senior executive ranks effective October 1, 2019. Craig Smiddy, ORI's president and chief operating officer, will assume the position of president and chief executive officer following the retirement of R. Scott Rager and Aldo C. Zucaro. Smiddy will concurrently join the board of directors and its executive committee.

Finance N Illinois
Associated Bank finalizes $5.5M loan for warehouse in McHenry, Illinois

Associated Bank finalizes $5.5M loan for warehouse in McHenry, Illinois

Associated Bank has completed a $5,560,000 bridge loan to Midwest Industrial Funds for acquisition of a 218,000-square-foot industrial warehouse facility at 1301 Ridgeview Drive in McHenry, Illinois. Built in 1995, the air-conditioned building is located on almost 20 acres and has 20 exterior loading docks with exterior parking for 519 cars and 40 trailers. Approximately 50 percent of the space is leased to Disk.com.

Finance N Illinois
Eric Spokas;Envoy Net Lease Partners

Envoy Net Lease Partners hires Eric Spokas as COO

Envoy Net Lease Partners, LLC, a real estate finance company specializing in single-tenant net leased commercial properties, has appointed Eric Spokas as chief operating officer, effective immediately. Spokas brings more than 25 years of banking and real estate finance experience, with an extensive background in commercial lending, Small Business Administration (SBA) loan programs, operations management credit risk and compliance.

Finance N Illinois
Jacob Vial;Draper and Kramer

Draper and Kramer hires Jacob Vial as SVP for FHA/HUD lending

Draper and Kramer has hired Jacob Vial as senior vice president in the company’s commercial finance group, overseeing Federal Housing Administration/Housing and Urban Development lending for multifamily and senior housing properties. Based out of the firm’s Chicago headquarters, he will serve as chief underwriter for all credit decisions and direct strategic financing initiatives.