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| Lee Oller |
CHICAGO, IL -–
Chicago-based Draper and Kramer, Inc., one of the leading privately held,
full-service real estate firms in the United States, announced its commercial
finance division closed 17 Federal Housing Administration/Department of Housing
and Urban Development loans totaling more than $250 million during the first
half of 2017.
Draper and Kramer’s
experience as an FHA-approved lender dates back to 1937, when it was awarded
one of the first FHA licenses by former President Franklin D. Roosevelt.
Over
the past 10 years, the division has closed over $1 billion dollars in loans for
the new construction, substantial rehabilitation, acquisition and refinancing
of multifamily apartments, senior living communities, including assisted living
and skilled nursing facilities.
In 2016, the company was a top FHA/HUD producer
in the Midwest.
The 17 loans represent a
cross-section of FHA financing programs as well as markets across the U.S.,
including Colorado, Wisconsin and Illinois.
“The first half of 2017
has been very dynamic, with our clients financing over 3,200 multifamily
units,” said Lee Oller, senior vice
president with Draper and Kramer and chief underwriter for the company’s
commercial finance group. “We’ve already surpassed 2016’s total loan volume,
and we look forward to closing out 2017 as one of our firm’s best years ever.”
For more information, please contact:
Sarah Lyons, slyons@taylorjohnson.com (312)
267-4520
Abe Tekippe, atekippe@taylorjohnson.com (312)
267-4528
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