JPMorgan Chase names new heads of real estate banking

Almodovar and Tredway will succeed Tom Lawyer

TRD MIAMI /
May.May 08, 2017 12:30 PM

From left: JPMorgan’s Alice Carr, Priscilla Almodovar and Chad Tredway

From TRD New York: 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
Daily Digest Miami

South Florida home sales struggle in October, Cipriani and Terra plan luxury condo

Rendering of Sailboat Bend II

Affordable housing project in downtown Fort Lauderdale lands $27M loan

Rendering of the Brickell hotel development, Tony Cho and Robert Finvarb

Finvarb and Cho land construction loan for mixed-use hotel near Brickell City Centre

State report finds open gas valve fueled building explosion at Plantation shopping center

State report finds open gas valve fueled building explosion at Plantation shopping center

Bayside Marketplace is planning another high-rise entertainment venue with a view

Bayside Marketplace is planning another high-rise entertainment venue with a view

Construction of downtown Hollywood high-rise may start soon

Construction of downtown Hollywood high-rise may start soon

South Florida firm, partner acquire Tampa office building for $29.4M

South Florida firm, partner acquire Tampa office building for $29.4M

Developer borrows $105M, breaks ground for mixed-use Flagler Village project

Developer borrows $105M, breaks ground for mixed-use Flagler Village project

arrow_forward_ios