Mortgage banking firm Merchants Capital has hired Matt Winter, AIA, NCARB as chief architect at the company’s Chicago office. The move brings the position in-house, setting Merchants up to process new lending opportunities more efficiently while maintaining, and even improving on, the internal monitoring requirements set forth primarily by Freddie Mac. This decision comes in large part due to Merchants Capital’s growing relationship with Freddie Mac and the utilization of its affordable housing products.
“We are excited to have Matt join the Merchants family as we continue to expand our Chicago team,” said Michael Dury, president of Merchants Capital. “Matt’s expertise will help streamline our upfront and ongoing construction reviews with our agency products, which are commonly paired with our balance sheet construction loans. Few projects go 100 percent according to plan, so having Matt’s experience internally will help us catch problems sooner and better work with our customers to solve any issues that do occur.”
In this role, Winter will monitor key factors that lead to the successful finanacing and construction of affordable, senior, healthcare, student and market-rate projects and share those insights with Merchants’ lenders, analysts and asset managers. Additionally, Winter will use his talents in construction documentation and budget review to ensure new construction projects are appropriately budgeted up front so that Merchants and its customers can avoid critical issues later in the project.
Where applicable, Winter will also rely on his experience to perform necessary pre-construction due diligence and construction monitoring reports necessary for project financing. Winter’s role will allow the team to be more flexible with time and resources, therefore improving response time to loan opportunities with a quicker turn.
Prior to joining Merchants Capital, Winter spent eight years with GTG Consultants. At GTG, he served as an architectural and construction consultant to both lenders and investors. Prior to GTG, Winter worked for other architectural and construction firms that specialized in single-family or hospitality design and construction. He earned his B.S. in agribusiness and horticulture from Illinois State University, as well as a B.S and masters in architecture from the University of Cincinnati. He is a registered architect in the state of Illinois.