Notable mortgage industry additions and promotions, Aug. 28-Sept. 1

Freddie Mac Multifamily has announced that Peter Lillestolen has been named vice president, production & sales of Targeted Affordable Housing (TAH). In his new role, Peter will oversee the TAH retail business, Low-Income Housing Tax Credit (LIHTC) Equity and Structured Transactions for both Conventional and TAH, as well as Seniors Housing. In his 12 years with Freddie Mac Multifamily, Lillestolen started as an analyst in Capital Markets and later transitioned to various leadership roles on the production team. He most recently led the LIHTC Equity and Seniors Housing businesses while serving as a co-lead for TAH. Lillestolen holds a master of professional studies in real estate finance from Georgetown University and a master of science in finance from Johns Hopkins University. He received a bachelor’s degree in finance from James Madison University.

Nations Lending has added industry veteran Scott Miller as branch manager of its newest branch in Minneapolis. Miller, who brings over 35 years of experience to the Nations Lending team, has held roles at various institutions, including the Bank of England and Wintrust Mortgage. He was also owner of River City Mortgage.

The Money Store has added John Palmiotto to the company’s C-suite as chief production officer. Palmiotto, who brings a 28-year career to The Money Store, was most recently chief of retail production at Guaranteed Rate for nearly 6 ½ years. Prior to this, he was Midstates divisional president at Prospect Mortgage.

Brennan Investment Group has announced the addition of two experienced professionals, Kevin Carlson and CJ Stempeck, as vice presidents of capital markets. They will be responsible for procuring debt and equity financing for BIG’s real estate acquisitions and developments, as well as for managing the company’s debt and institutional equity capital relationships. Prior to joining Brennan, Carlson served as a senior associate at Ashland Capital; before Ashland Capital, he spent six years at Wintrust Financial Corporation working as a vice president of debt originations within the institutional lending group. Stempeck previously served at Quadrant Real Estate Advisors for eight years, most recently as senior vice president, loan sourcing & capital advisory.

B+E has announced the addition of Max Sabino as an associate director in its New York office. He will focus on the execution of sale-leaseback programs and asset disposition/acquisition programs for private family offices, franchisors, franchisees, developers, and other large institutions. Prior to joining B+E, he was with SRS Real Estate Partners and Aspect Real Estate Partners.

Fay Financial has announced that Stephen Thomas has joined the board of directors for the firm. For more than nine years, Thomas served as senior managing director of mortgage capital markets at the Federal Home Loan Bank of Chicago (FHLBC). Prior to FHLBC, Steve Thomas founded and managed the Mortgage Finance Group at CastleOak Securities.


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