CARMEL, Ind. – Mortgage banking company Merchants Capital today announces the hiring of Jim Green as Vice President, Third Party Report Administration.
With more than 20 years of accounting and commercial real estate experience, Green is a recognized professional in the industry, bringing knowledge of both Federal Housing Administration (FHA) and Government-Sponsored Enterprise (GSE) appraising to his new role at Merchants Capital.
In this position, Green will support the credit teams at Merchants Capital, focusing on third party appraisals/rent studies, Project Capital Needs Assessments (PCNA’s) and Phase I reports. He will serve as the primary point of contact for all third-party report vendors and offer internal guidance to better help support underwriting recommendations.
“We are very excited to not only announce this new position at Merchants, but to be able to hire someone with Jim’s vast experience in both accounting and commercial real estate valuations,” said Mike Dury, President and CEO of Merchants Capital. “As we continue expanding our footprint in the multifamily space, we felt it was essential to bring someone on the team that can develop and manage a comprehensive database that will better assist the various Merchants platforms.”
Prior to joining Merchants Capital, Green most recently served as partner of Terzo & Bologna, Inc. providing valuation expertise for real estate properties across the nation in addition to serving as an expert witness in property tax appeal litigations. In this role, Green specialized in multifamily appraisals, including HUD Multifamily Accelerated Processing (MAP) 223(f) and 221(d)4 analyses.
Green also previously held a senior real estate accountant position at AIMCO, a national multifamily REIT. He began his career as a property and commercial real estate (CRE) accountant at Simon Property Group. Green is a graduate of Ball State University with a Bachelor of Science in Business, majoring in Accounting and Finance.
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