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This profile was last updated on 3/27/2017 and contains contributions from the  Zoominfo Community.

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Wrong Jeffrey Packard?

Jeffrey H. Packard

Vice President, US Mortgage Production

John Hancock

HQ Phone:  (617) 572-6000

Direct Phone: (617) ***-****direct phone

Email: j***@***.com

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I agree to the Terms of Service and Privacy Policy. I understand that I will receive a subscription to ZoomInfo Community Edition at no charge in exchange for downloading and installing the ZoomInfo Contact Contributor utility which, among other features, involves sharing my business contacts as well as headers and signature blocks from emails that I receive.

John Hancock

601 Congress Street

Boston, Massachusetts,02210

United States

Company Description

As the real estate arm of John Hancock, the Real Estate Finance Group (REFG) provides mortgage financing for commercial properties. The John Hancock brand name is on every loan we make, along with our long-standing reputation as a mortgage lender of choice. To...more

Background Information

Employment History

Senior Investment Officer With the Boston Office

iCap Realty Advisors LLC


Affiliations

Jamaica Plain News

Board Member


Metropolitan Boston Housing Partnership Inc

Board Member


Education

B.S.

Northeastern University


Web References(11 Total References)


www.jamaicaplainnews.com

Jeffrey H. Packard, Vice President and Senior Managing Directorfor the Real Estate Finance Group at John Hancock Financial Services


www.reig.jhancock.com [cached]

Jeffrey H. Packard
Assistant Vice President Real Estate Finance Group Jeffrey H. Packard is the Managing Director of US Mortgages for the John Hancock Real Estate Finance Group. Jeff oversees John Hancock's US Mortgage Origination platform with regional offices in Boston, Washington D.C, Atlanta, Chicago, Dallas, San Francisco and Southern California. In addition, Mr. Packard oversees John Hancock's Home Office Production Division which is responsible for the National Account, Co-Lending, Note Purchase and Note Syndication Programs as well as New Product Development. Mr. Packard joined John Hancock in 2001 as a Senior Investment Officer and has over 25 years of experience in the real estate industry. Since joining the Company, he has assumed increasing levels of responsibility and held varying roles within the Real Estate Finance Group. Before joining John Hancock, Jeff worked with New England Mutual Life Insurance Company, Boston Capital Mortgage Company and MetLife. He holds a B.S. from Northeastern University.


www.jhancockreig.com [cached]

Jeffrey H. Packard
Assistant Vice President Real Estate Finance Group Jeffrey H. Packard is the Managing Director of US Mortgages for the John Hancock Real Estate Finance Group. Jeff oversees John Hancock's US Mortgage Origination platform with regional offices in Boston, Washington D.C, Atlanta, Chicago, Dallas, San Francisco and Southern California. In addition, Mr. Packard oversees John Hancock's Home Office Production Division which is responsible for the National Account, Co-Lending, Note Purchase and Note Syndication Programs as well as New Product Development. Mr. Packard joined John Hancock in 2001 as a Senior Investment Officer and has over 25 years of experience in the real estate industry. Since joining the Company, he has assumed increasing levels of responsibility and held varying roles within the Real Estate Finance Group. Before joining John Hancock, Jeff worked with New England Mutual Life Insurance Company, Boston Capital Mortgage Company and MetLife. He holds a B.S. from Northeastern University.


www.mbhp.org [cached]

Jeffrey H. Packard
Assistant Vice-President and Senior Managing Director Real Estate Finance Group John Hancock Financial Services


blog.prosperlearning.com

Jeffrey Packard, an assistant vice president with life insurance company John Hancock, which does about $2 billion in commercial mortgage lending, has been waiting for this moment for four years.Loans were being made that Packard says his firm could never justify."The conduits created a situation where the competitive bidding for deals got really out of hand," he says.But with the recent developments stemming from the subprime meltdown (See story on p. 38), the gap has narrowed, Packard says.John Hancock, for example, hasn't changed its lending targets, Packard says, adding that he anticipates closing 10 percent to 20 percent more transactions because of the CMBS turmoil."We're definitely seeing more deals, and depending on how things shake out, we would expect to see more business for our company and industrywide for portfolio lenders," he notes.DuMars estimates that portfolio lenders are now seeing 20 to 25 packages when they were used to just 5 to 10 packages."In my opinion, this environment is a good cherry-picking opportunity," he says.John Hancock, for example, is still interested in providing debt for retail properties, but Packard admits the firm has a higher level of vigilance when reviewing retail deals."We do have some concerns on retail, and they relate primarily to what's happening in the housing market," Packard says.In particular, he expects increased foreclosure rates and a weak housing market to put a damper on consumer spending.Their loans rarely included riskier terms such as 10-year interest-only loans and debt service coverage below 1.0 x. "We've maintained a pretty good discipline over the years, so now we're just doing what we've always done," Packard says.But, volatility in the bond market has pushed up the cost of commercial real estate debt â€" not only for CMBS loans, but also for whole loans.Pricing on John Hancock's mortgage loans had increased as of mid-August, according to Packard, but he declined to say by how much."Our pricing has trended up along with everyone else in the industry," he explains.


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