IFF has promoted Bryan Kieler to Director of Lending for Ohio, where IFF has closed on nearly $40 million in loans since beginning work there in 2014. Kieler previously worked for Columbus-based Huntington National Bank for 10+ years and has been a senior loan officer for IFF for 3 years. Under Kieler’s leadership, IFF financing enabled nonprofits in Ohio and Michigan to improve facilities across a variety of sectors – community development, supportive housing, special needs services, health care, education, and more.
“Our long-term lending to nonprofits throughout Ohio is clearly filling a gap,” IFF CEO Joe Neri said. “With his deep experience in banking and passion for building sustainable communities, Bryan is the right person to lead IFF’s office in Columbus.”
IFF’s first Ohio client was the Shelterhouse (formerly Drop Inn Center), a nonprofit shelter for homeless men in Cincinnati. In December 2014, IFF provided Shelterhouse with $4.35 million in direct financing and allocated $6 million in New Market Tax Credits toward the project – acquiring and rehabbing a new facility that would double existing shelter space and mitigate severe overcrowding.
In total, IFF has provided $20.5 million in loans and $19.3 million in New Markets Tax Credits for facilities projects across the state, from big cities like Cleveland and Cincinnati to small towns like Lodi and Lebanon. In the Cincinnati-Dayton area, nonprofits can finance capital projects and equipment purchases through IFF’s partners at the Cincinnati Development Fund. IFF provides direct financing throughout the rest of the state.