Eric W. Vessele Email & Phone Number

Chicago, Il, Us

Chicago, Illinois, United States

Commercial real estate lending partner providing Loan Originations, Loan Structuring, Underwriting, Loan Documentation, Closing, Servicing, Portfolio Management and Legal Services to financial institutions nationwide.

Chicago, Illinois, United States

Lead and direct GLCU Lending businesses including Commercial Real Estate, Small Business, Residential Lending origination (Direct, TPO, and Sales) as well as Consumer Lending. Accountable for line-of-business strategy inclusive of business development and originations, servicing, and portfolio management.

Chicago, Il

Lead, develop, and direct GLCU commercial lending business. Responsible for business strategy and loan operations. Oversight of business development, credit & risk management, underwriting, loan closing, servicing, and asset management.

Chicago, Il

Manage team of commercial real estate Underwriters, Commercial Loan Closing, and Loan Processing & Servicing. Review & approve commercial real estate loan requests. Member of Loan Committee. Ensure strong internal controls and quality assurance policies and procedures are in place, documented and adhered to at all times. Assist in formulating and maintaining an effective credit policy, procedures, and practices to maintain the CRE's lending portfolio’s quality and profitability.

Reviewed and approved new commercial real estate loans. Member of Credit Committee.

Managed North American Lending Group Chicago based Loan Closing Group. Closed approximately $2B annually. Transactions included Office, Retail, Hotel, Apartments, Tax Credit, Large Portfolios. Closing team primary contact with customer and outside counsel, negotiated loan documents, reviewed third party reports, title reports, and surveys.

Provided guidance and training to employees ensuring compliance with Patriot Act and Know Your Customer guidelines. Review and Approve transactions for acceptable borrower structure.Utilized third party search applications on relevant individuals and entities on each transaction.

Reviewed , approved, and provided structuring guidance for new first mortgage debt opportunities. Responsible for ensuring each transaction had appropriate risk/return profile. Managed Specialized Industries Loan Closing Group. Transactions included Golf Course Lending, Vacation Ownership, Manufactured Housing, Hotels, and Tax Credit.

Reviewed and approved new loan transactions. Primarily Junior Participating Debt, Equity and Preferred Equity Investments. Reviewed underwriting assumptions and approval documents. Presented transactions to CEO and Senior Managment as required.

Managed staff of Senior Investment Managers. Monitored $700MM (approx. 68%) of Heller's Real Estate Portfolio. Portfolio consisted of Mezzanine Debt / Equity investments in newly constructed and existing assets. Presented portfolio reviews to management on a quarterly basis. Negotiated restructures, and harvested gains.

Requested by Senior Management to manage the Western U.S. CMBS Loan Closing Group to eliminate dysfunctional internal relationship between origination and closing teams. Streamline processes and procedures.

Managed large portfolio of Non Earning and REO properties. Negotiated troubled Loan Restructures, Loan Foreclosures, Deed in Lieu, and Note Dispositions. Hired Property Managers, Leasing/Sales Brokers.Created and Implemented Asset Value Creation strategies. Negotiated Leases. Completed Asset Dispositions, and booked recoverys.

Underwrote new loan transactions, focusing primarily on equity investments in Retail, Office, and Apartments. Submitted deals domestically and to senior management in Tokyo, Japan.

Negotiated Loan Restructures, Foreclosures, and Asset Dispositions. Spearheaded the disposition of entire ITT $700MM Real Estate Portolio. Lead contact for bidding parties from initial diligence through closing.

Mba, Finance

Msba, Finance, Risk Management, Marketing

Activities and Societies: Delta Tau Delta Fraternity