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Merchants Capital Expands to Chicago
Mortgage banking company Merchants Capital has opened a production office in Chicago, located at 131 S. Dearborn St. in the Loop. Lee Oller (pictured) has been hired as EVP to lead the Chicago team, with an initial complement of nine locally-based employees.
Oller brings 26 years of experience in underwriting to the firm. She has produced more than 350 closed transactions involving the FHA and HUD loan platforms.
“Merchants Capital is well known in the industry for its passion for multifamily and affordable housing,” Oller said. “The biggest draw to joining Merchants was the ability to diversify our lending products, especially Fannie Mae and Freddie Mac.”
Joining Oller in the new Chicago office are three SVPs: Susan Schnoll, Alan Cravitz and Brian Black. Schnoll is recognized in the Wisconsin market for her HUD lending knowledge. Cravitz and Black bring a combined 70 years’ multifamily lending experience to the team.
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