Envoy Net Lease Partners was founded in 2011 to give commercial real estate developers and owners access to nationwide capital to finance their build-to-suit projects — delivering more personal attention and care than an institutional lender, and eliminating the geographic restrictions and red tape of traditional banks.
Based in greater Chicago, Envoy has recently expanded its capacity through a joint venture, ensuring we can accommodate virtually all of a borrower’s financing needs and act as a single, repeatable capital source. Our mission remains the same: providing up to 100 percent loan-to-cost financing in the form of high-leverage construction loans, bridge loans and ground lease A/D loans, as well as JV equity financing. Our people are smart, hard-working, and ready to help you solve financing challenges to keep your pipeline moving.
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Envoy Net Lease Partners specializes in the funding of single-tenant net lease medical, retail, office and industrial properties — providing up to 100 percent loan-to-cost financing for build-to-suit projects.
PRESIDENT & MANAGER
Ralph N. Cram, CFA, CRE
UNIVERSITY OF WISCONSIN – MADISON WISCONSIN SCHOOL OF BUSINESS
M.S., Real Estate Appraisal & Investment Analysis
Activities & Affiliations
- Licensed Real Estate Broker, State of Illinois
- Chartered Financial Analyst, since 1995
- Counselor of Real Estate, since 2009
CHIEF OPERATING OFFICER
Eric brings to Envoy more than 25 years of banking and real estate finance experience with an extensive background in commercial lending, Small Business Administration (SBA) loan programs, operations management credit risk and compliance. He is responsible for taking the company’s commercial real estate transactions from term sheet to closing and overseeing the asset management of Envoy’s loan and property portfolio. Prior to Envoy, Eric was President and CEO of Chicago-based SomerCor, a Top-25 nationally ranked Certified Development Company (CDC) for SBA 504 loans designed to provide Illinois entrepreneurs with financing for the purchase of commercial real estate, machinery and equipment. At SomerCor, Eric oversaw a loan portfolio of nearly $500 million, comprising close to 1,000 loans to Illinois entrepreneurs. Eric previously had served as the organization’s Chief Operations Officer and Chief Credit Risk Officer.
DEPAUL UNIVERSITY’S CHARLES H. KELLSTADT
GRADUATE SCHOOL OF BUSINESS
LOYOLA UNIVERSITY CHICAGO
B.S., Biology, Cum Laude
VICE PRESIDENT – CLIENT RELATIONS
Laura is Vice President – Client Relations at Envoy Net Lease Partners. Her responsibilities include loan servicing and investor relations for our clients and outside investors. She works directly with Envoy’s president, Ralph Cram, on fund raising and investor reporting activities and with Envoy’s COO, Eric Spokas, processing loan draws and funding loan quests.
Prior to joining Envoy, Laura was a real estate associate at Triple Net Financial, an affiliate of Q Investments, a private investment firm based in Fort Worth, Texas. Earlier in her career, she worked at Lively & Associates, LLP, a boutique business and litigation firm in Fort Worth, and was a financial advisor at AXA Insurance Company, a global insurance firm. Laura was born and raised in Fort Worth.
B.A., Economics, Chinese and History
Minor in Business
VICE PRESIDENT – DUE DILIGENCE
Sarah is Vice President – Due Diligence at Envoy Net Lease Partners.
Her responsibilities include managing the due diligence and closing process for Envoy’s property acquisitions, high leverage loan programs and joint venture investments. She works directly with Envoy’s COO, Eric Spokas, on all aspects of project analysis and the closing process.
Prior to joining Envoy, Sarah was a Senior Loan Processor and Closer at Marcus & Millichap Capital Corp’s Chicago office. During her tenure there, she worked on closing 330 transactions totaling over $938 million. She has over 10 years of commercial finance experience and brings a thorough understanding of the closing process to Envoy. Sarah is originally from Southern Wisconsin, where she began her career in CRE at a Community Bank.
B.A., Business Management
DIRECTOR OF BUSINESS DEVELOPMENT
Bruce W. Neel
Bruce has 27 years of commercial real estate experience including 10 years as a commercial real estate lender with Wachovia Bank’s Real Estate Financial Services Group where he underwrote and closed construction and permanent loans to developers and owners across the Southeast. For the past two years, Bruce was the EVP and Southeast Regional Director at Plum Lending, a national commercial real estate lender based out of San Francisco, CA. In addition, Bruce has owned and managed his own commercial real estate investment, development and brokerage companies where he was involved in the development, acquisition, sale, leasing and management of multifamily, retail, office and industrial projects.
Activities & Affiliations
R.E. BROKER IN CHARGE – SOUTH CAROLINA
Activities & Affiliations
- Certified Public Accountant
ENVOY ADVISORY BOARD
Mr. DeVivo serves as a Managing Director at Zesiger Capital Group LLC. For most of the 1980’s, he was working for the United Nations providing research and advisory services to Boards of Investment in the area of foreign direct investment and capital market development. In 1990 he and a partner founded several ventures in Vietnam, including Indochina Building Supplies Pte. Ltd. and Megastar Media. Mr. Devivo initially joined Zesiger Capital Group in 2000 with responsibilities primarily as portfolio manager in the international sector. Between June 2005 and December 2008, he was a Managing Partner of Caravel Management. He rejoined Zesiger Capital as of January, 2009. In addition to his responsibilities for the emerging market portfolio at Zesiger Capital Group, Mr. Devivo also sits on the boards of LRM Industries, Apiqe Ltd., Envoy Net Lease Partners and Vanguard Hotels Pte. Ltd.
UNIVERSITY OF TORONTO