Jacob Vial, senior vice president, Draper and Kramer, Chicago, IL
CHICAGO, IL—Draper and Kramer, a national full-service real estate firm, named Jacob Vial 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, Vial will serve as chief underwriter for all credit decisions and direct strategic financing initiatives.
“We're so pleased to welcome Jacob back to the team,” says Todd Bancroft, president and CEO of Draper and Kramer. “He has an outstanding track record in FHA/HUD loan underwriting and proven ability to identify the right government financing product for any given project. Draper and Kramer has been providing commercial lending services for 125 years and FHA-insured loans for eight decades. Jacob will help us continue that tradition, not only in servicing our third-party clients, but also in collaborating with our acquisitions and development team to finance our own investments.”
Vial rejoins Draper and Kramer from PGIM Real Estate Finance, where he was most recently a director and FHA deputy chief underwriter for senior housing and healthcare loans. He worked at Draper and Kramer previously as a vice president in the Commercial Finance Group from 2008 to 2014. Throughout his 10-plus-year career, Vial has underwritten or managed nearly $1.9 billion of successful FHA multifamily and healthcare loan applications.
Vial holds a Bachelor of Science degree in finance from the University of Illinois, where he graduated with high honors. He is a HUD MAP-approved underwriter and HUD LEAN healthcare underwriter.
Draper and Kramer has been an FHA-approved lender since 1937 and, through its multifamily portfolio, is also an FHA borrower. Over the past decade, the firm's Commercial Finance Group has closed more than $3 billion in loans annually, including FHA/HUD and other financing, for the construction, substantial rehabilitation, acquisition and refinancing of multifamily apartments and senior living communities.
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Steve Lubetkin
Steve Lubetkin is the New Jersey and Philadelphia editor for GlobeSt.com. He is currently filling in covering Chicago and Midwest markets until a new permanent editor is named. He previously filled in covering Atlanta. Steve’s journalism background includes print and broadcast reporting for NJ news organizations. His audio and video work for GlobeSt.com has been honored by the Garden State Journalists Association, and he has also been recognized for video by the New Jersey Chapter of the Society of Professional Journalists. He has produced audio podcasts on CRE topics for the NAR Commercial Division and the CCIM Institute. Steve has also served (from August 2017 to March 2018) as national broadcast news correspondent for CEOReport.com, a news website focused on practical advice for senior executives in small- and medium-sized companies. Steve also reports on-camera and covers conferences for NJSpotlight.com, a public policy news coverage website focused on New Jersey government and industry; and for clients of StateBroadcastNews.com, a division of The Lubetkin Media Companies LLC. Steve has been the computer columnist for the Jewish Community Voice of Southern New Jersey, since 1996. Steve is co-author, with Toronto-based podcasting pioneer Donna Papacosta, of the book, The Business of Podcasting: How to Take Your Podcasting Passion from the Personal to the Professional. You can email Steve at [email protected].
