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Joe Vassallo is a seasoned finance expert with a proven track record of driving business growth through strategic lending and portfolio management. As First Vice President at Flagstar Bank, he has provided construction and permanent financing for investment real estate, including apartment complexes, office buildings, and industrial developments. With a strong background in commercial lending, loan portfolio management, and financial analysis, Joe has established himself as a leader in the industry. His expertise spans multiple sectors, including real estate, finance, and leadership, making him a valuable asset to any organization.

Experience

  • Flagstar Bank
    • 5151 Corporate Dr., Troy, MI 48098
    • First Vice President
      • Jan 2020 - Present
      • 5151 Corporate Dr., Troy, MI 48098

      Providing construction and permanent financing for investment real estate, including apartment complexes, office buildings, retail centers, and industrial and residential developments.

  • Comerica Bank
    • Southfield, MI
    • Vice President - Alternate Group Manager
      • Apr 2012 - Dec 2019
      • Southfield, MI

      I am providing commercial loans to all types of businesses. Lending including lines of credit, term loans, and commercial mortgages.

    • Trustee and Treasurer
      • 1992 - Nov 2012
    • Director
      • Aug 2010 - Mar 2012

      I am excited to be providing financing for investment properties from life insurance companies and other third party lenders. These lenders make loans for properties throughout the country, and in Michigan, while we provide the servicing for them.

    • Principal
      • Dec 2008 - Mar 2012

      Passionate about working with clients to assist their businesses’ growth through new loans and connecting them with the resources that have impact. Primary focus is to provide business advisory services while working with small and medium-sized companies to acquire private and public financing, ...

    • Vice President
      • Feb 2002 - Dec 2008

      Facilitated all types of commercial real estate loans, including retail development, office buildings, multi-family, senior housing and single family residential projects. Built portfolio from zero up to approximately $90 million. Also provided financing of commercial and industrial loans, and r...

    • Vice President- Development
      • 1999 - 2002

      Project manager for a loft condominium conversion from an office/warehouse building to residential. This included working closely with architects, engineers and supervising construction staff. Also provided extensive real estate consulting for numerous firms, including the Detroit Public Schools ...

    • Deputy Director and Interim Director
      • 1994 - 1999

      Appointed by Mayor Dennis Archer to direct and administer all program areas and personnel, including over 200 employees within the department. Management of major housing, industrial and commercial projects; long-term and master-plan forecasting and administration; neighborhood design plans; main...

    • Associate Director
      • 1985 - 1994

      Managed all five industrial loan programs including the Detroit Industrial Revolving Loan Fund, Small Business Administration (SBA) 504 Loan Program, and SBA Micro Loan Program. These programs provided financing for machinery, equipment and real estate for businesses in Detroit. In addition, dir...

    • Asst. Vice President
      • 1978 - 1985

      Generated and administered a portfolio of approximately ten million dollars in loans and credit availability. Began employment as general teller, and then progressed to credit analyst, credit manager, and commercial loan officer position before becoming Assistant Vice President.

Education

  • University of Michigan
  • Center Line High School

Suggested Services

This profile is unclaimed. These are suggested service rates with 0% commision upon successful connection

Industry Focus. “Real Estate and Property Management”

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