Alice Carr has been named to head the Community Development Banking team at JPMorgan Chase, which announced three promotions in its commercial real estate business.
In the other moves, Priscilla Almodovar and Chad Tredway move up to co-lead the Real Estate Banking business, succeeding Tom Lawyer.
“In these new expanded roles, all three leaders will provide our clients with the financial resources, specialized expertise, and insights to navigate through market cycles and continue to develop their communities,” said Al Brooks, who leads the JPMorgan Chase’s commercial real estate business with total assets over $90 billion.
Carr, who joined the firm in 2011, had managed the community development real estate teams in Chase’s West and Southwest regions and has over 22 years of experience in community development finance. She steps into the post recently held by Almodovar.
Almodovar, who joined the firm in 2010, led the Community Development Banking team in lending and investing in affordable housing and community development projects across the country. Prior to joining JPMorgan Chase, she led the New York State Housing Finance Agency and the State of New York Mortgage Agency.
Tredway, who joined the firm in 2008, has overseen Real Estate Banking’s sales strategy and led the Commercial Term Lending business in the East region, where his team significantly gained market share. Prior to this position, he managed the Southern California commercial term lending coverage teams.
