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.

Finance N Illinois
Old Town multifamily project a go with closing of funding round

Old Town multifamily project a go with closing of funding round

New York-based Prodigy Network has closed the first round of equity funding for a seven-story multifamily building in the Old Town neighborhood, its inaugural project in Chicago. The $22 million raised will facilitate property acquisition and predevelopment costs for the project at 1400 N. Orleans Street, Old Town Residences, which moves to begin construction in second quarter 2019.

Finance N Illinois
Matthew Reilein;National Equity Fund

National Equity Fund names Matthew Reilein as president and CEO

National Equity Fund, a syndicator of the low-income housing tax credits (LIHTC) program, announced the appointment of Matthew Reilein as president and CEO, effective June 1, 2019. Reilein will oversee all day-to-day operations of the Chicago-based nonprofit, including the effective implementation of all policies and programs. Reilein will succeed Joseph S. Hagan who is retiring after 19 years with the organization.