CHICAGO, IL - Draper and Kramer, Incorporated, a national full-service real estate firm, is pleased to announce Jacob Vial has been hired 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.
Vial rejoins Draper and Kramer, where he was a vice president in the Commercial Finance Group from 2008 to 2014, from PGIM Real Estate Finance, where he was most recently a director and FHA deputy chief underwriter for senior housing and healthcare loans. Prior to that, he was a vice president at Capital One Multifamily Finance. Throughout his 10-plus-year career, Vial has underwritten or managed nearly $1.9 billion of successful FHA multifamily and healthcare loan applications.
“We’re so pleased to welcome Jacob back to the team,” said 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.”
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.
Vial has a Bachelor of Science 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.