JPMorgan Chase names new heads of real estate banking

Almodovar served as CEO of the HFA under Spitzer

TRD New York /
May.May 08, 2017 07:00 AM

JPMorgan Chase promoted Priscilla Almodovar, the former head of the New York State Housing Finance Agency, and commercial lending vet Chad Tredway to lead the bank’s real estate lending business, the bank announced.

Almodovar served as the HFA’s CEO from 2006 to 2009 and was credited for reforming the agency, which funds affordable housing projects. She joined JPMorgan Chase in 2010 and most recently headed the bank’s community development banking division.

Tredway joined the bank in 2008 and most recently led the bank’s commercial term lending business for the eastern U.S.

The two will succeed Tom Lawyer.

JPMorgan Chase was the third most active commercial real estate lender in New York in 2016, according to research company CrediFi, originating more than $5 billion in loans. The bank claims to hold $90 billion in commercial real estate loans on its books, and was the country’s most active CMBS lender in 2016, according to Commercial Mortgage Alert.

JPMorgan Chase also promoted Alice Carr to replace Almodovar as head of community development banking. She most recently managed the bank’s community development teams in the western and southern U.S.


Related Articles

arrow_forward_ios
JPMorgan Chase CEO Jamie DImon and 410 Madison Avenue (Getty Images, Google Maps)

JPMorgan Chase closes on $115M buy of Bank of China’s former HQ

JPMorgan Chase closes on $115M buy of Bank of China’s former HQ
JPMorgan Chase's Jamie Dimon and Fortress Investment Group's Wes Edens (Dimon via Mark Wilson/Getty Images; Edens via Scott Olson/Getty Images)

JPMorgan, Fortress are the latest firms to build up war chests

JPMorgan, Fortress are the latest firms to build up war chests
American Homes 4 Rent CEO David Singelyn and  JPMorgan CEO Jamie Dimon (Credit: Singelyn via Cal Poly Pomona; Dimon via Alex Wroblewski/Getty Images)

JPMorgan showers single-family rental partnership with cash

JPMorgan showers single-family rental partnership with cash
JPMorgan's Jamie Dimon (Credit: Dimon via KENA BETANCUR/AFP via Getty Images; Background via David Dee Delgado/Getty Images)

JPMorgan dodged a bullet with sale of WeWork stake: report

JPMorgan dodged a bullet with sale of WeWork stake: report
Amy Bonitatibus, Chief Marketing Officer for Chase home lending (Credit: JPMorgan Chase and iStock)

JPMorgan takes another step back from mortgage lending to focus on refis

JPMorgan takes another step back from mortgage lending to focus on refis
Clockwise from left: Kings Plaza Shopping Center in Brooklyn, 45-18 Court Square  in Long Island City with GFP's Eric Gural, and 150-13 89th Avenue in Jamaica 

Brooklyn mall’s $487M tops outer-borough loan list

Brooklyn mall’s $487M tops outer-borough loan list
Former WeWork CEO Adam Neumann (Credit: Getty Images and iStock)

Meet the financial backers behind WeWork’s rise and fall

Meet the financial backers behind WeWork’s rise and fall
Kings Plaza Shopping Center and JPMorgan's Jamie Dimon 

Macerich lands nearly $500M refi for Kings Plaza Shopping Center

Macerich lands nearly $500M refi for Kings Plaza Shopping Center
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...