Joseph Ed Miles

I am passionate about using my skills and expertise to solve problems and help people from all backgrounds. In 1985 after an injury ending my MLB career, I focused my drive and passion into finance and never looked back. From becoming a loan officer and starting (and selling) my own mortgage company, to Investing and becoming a Master General Contractor - I have seen and been through “it all”. My goal is now to use my decades of hands on experience to help people solve problems with the best possible outcomes.

• From 1985 through 2003 Miles was  involved either as owner of the company or Loan officer of almost  20,000 Loan transactions totaling over 6 billion Dollars ($6,000,000,000) in Loan amounts.  Miles largest transaction for an individual was 11 million Dollars ($11,000,000) and for a company or LLC it was 13 million ($13,000,000). For its own development for the 210 acres Miles was involved in, a $100,000,000 municipal note-Bond.  The funding did not close due to negligence of the Municipality in 2012 through 2014.

• Workouts for individuals with creditors from small accounts to multi-million and more complicated transactions.

• Started a new Bank in St Charles. STC Capital bank, 2006 one of 11 founders and organizers. Knowledgeable on inner workings of Banks.

• Consulted with $300 million bank needing workout in 2008 – 2010 Joint Consulting effort. Worked closely with Hedge Fund in New York City and an influential Billionaire in Maryland to take over the Bank. FDIC denied the plan and closed down the Bank.

• Started 7 partnerships with Banks from 1996 through 2003 for Mortgage Subsidiaries. Jointly owned 50% Miles and  50% Bank.

• Negotiated and sold my mortgage company to a Wintrust Bank subsidiary in 2003. Sold all Bank partnerships in 2001-2003.

• Was a private Lender from 1994 to 2008, with over $20,000,000 loaned out through 2 wholly owned LLCS. Used 40% of personal capital, funded other 60% with commercial Bank LOC.

• Extremely knowledgeable in workouts due to workouts of my own loans in the 2008 crisis. Spent 2009-2019 going through personal workouts of over $40,000,000 in personal, corporate and LLC debts.

• Extensive knowledge of both sides of the equation, the (Creditor) Lender viewpoint and Debtor (Borrower) viewpoint.

• Knowledgeable of  the details of Foreclosure, Bankruptcy, Tax implications and eviction procedures and processes including pros and cons.

• 15 years  working with Zoning and Administrative property issues  with local village or city building and compliance departments,  Permitting issues, architectural issues.

• Knowledgeable regarding demolitions, environmental issues, plumbing, electrical, hvac, carpentry, reading blueprints, estimating, dealing with inspectors, structural issues, 

• Knowledge of Redevelopment agreements, TIFFS, commercial and Industrial financing, opportunity zones, and other incentives.

Have extensive network of Attorney, Architects, Trade Professionals, Consultants, Banks, Real Estate and Finance Professionals

Past Licenses

Insurance licenses 1985 to 1995

Series 6, 63, 24 in securities licenses 1986 to 1995

Estate Planning Schools

Current Licenses

Mortgage license.

Real estate Managing Broker license.

General Contracting  License

Below are a highlights of the 300+ new construction and renovation properties Miles has been involved with over last 30+ years as Homeowner, Investor, Partner, Master General Contractor, and Lender.

Residential - Chicago Metro. Owned and lived in.

• 173 Wellington Drive Bloomingdale, IL :  Purchased  1994- Sold  2005:   Personal residence  1994 to 2002  Rented 2002-2005. Miles company  did all upgrades.

• 1840 Ridgewood Lane East Glenview IL :  Purchased land and home ,1997 tore down home 1999. New  $1,250,000 new build  2001, completed 2002. sold 2017. Miles JV with local builder.

Residential - Florida properties. Individually Owned as second homes, VRBO’s, & Airbnb’s

• 1280 Dolphin Bay Way,  Unit 503 Siesta Key FL. Purchased 1998, updated by Miles. Sold 2002

• 6310 Midnight Pass Rd. Unit 403N  Siesta Key FL. Purchased 2000, $75k gut and rehab by Miles. Rented using VRBO and Airbnb. Sold 2004

• 6312 Midnight Pass Rd. Unit 704S Siesta Key FL. Purchased 2003, $125k gut and rehab by Miles. Rented  using VRBO and Airbnb. sold  2019 

• 6300 Midnight Pass Rd. Unit 503  Siesta Key FL.  Purchased 2003. $100k gut and rehab by Miles. Rented using VRBO and Airbnb. Sold 2019.

Residential Owned by LLC. 2 partners  1 was Joseph (Ed)  Miles, other private partner(s).

• 5880 Midnight Pass Rd. Unit#301 Siesta Key FL. Purchased 2004. $250k gut rehab by Miles. Sold 2006 

• 507 Casey Key Rd, Nokomis FL. aka Casey Key. Purchased Lot  $1.75 Mil. in 2003. Started $3,000,000 construction in 2005. Construction was completed in March 2007. Sold august 2010. .

• 1396 Harbor Drive Sarasota FL. Purchased Jan 2004   Sold Aug  2004  Quick Flip

• 9008 Midnight Pass Road Unit #5   Seabreeze Development. Purchased 2010, sold  2013

Residential- Personally owned, Renovated, and flipped.

• 1433 Sheridan, Wilmette Il. Purchased 12/2004. Gut rehab $175k sold 2005.

• 1134  Wildwood Ln. Glenview Il. Purchased 2005. basic updating, rented, sold in 2007 for land value $900k.

• 516 Somerset, Northfield IL. Purchased 2004, minor updates, rented 2 years, sold 2006

• 3932 N. Ashland, Chicago, IL. Purchase 2005 cleaned out, basic update, sold 2006.

Residential  Family Trusts and or LLCs  - Renovated and eventually sold.

• 2580 Independence, Glenview IL. (The Glen) Purchased 03/2008, rehabbed $250k, sold 11/2008

• Maplewood Dr,  Northbrook Il. purchased 2012  $200k gut rehab. Sold 2016 

• 404 Caesar Dr, Barrington Hills IL. Purchased 2016  Family Trust. Full updating on house and 3 Barn structures plus extensive landscaping. Improvement costs  $1,050,000. Trust owned LLC performed all renovations and landscaping.

• 777 North Michigan Ave Chicago Condo. Purchased 2017 renovated, sold 2023.

Family Trust owned  LLC  Contracted  complete renovation.

• 2627 Chestnut   Glenview IL     2004       $200k rehab

• 928 West Barry Chicago 3 unit  (West Lakeview) 3 unit  $300k rehab 2022-2023, current rental multi-family.

Commercial Property Ownership and Renovation  Family Trusts

• 318 West Adams, Chicago, IL   2008 to 2014    19 story office (Condo) building. Purchased 2008,  $12 Million. $5 million in improvements,  new façade, new lobby, new windows floors 16, 17,18,19.Build out storage area in lower level. Miles President of 318 West Adams Condo Association 2008- 2013   Sold back to Lender 2014.

• 1923 South Halsted,  Chicago, IL    2011 to 2014    Pilsen area Cleaned up  and sold in 2014.

• 2614 Patriot Boulevard (The Glen) Glenview IL. 2006 to 2013    Purchased in 2006  sold half  of space to  Oral surgeon in 2007. Took remaining 3000 square feet, did high end buildout, sold to North Shore Physician group 2013.

• 5255 and 5265 West Grand Ave. Chicago. Auto Body and Mechanic shop sold 2016.

Industrial, Commercial Development Land (Redevelopment agreements with city)

• Purchased 2007 Old Dixie Square mall  in 2007. Main Street Capital Inc. Negotiated and obtained a Redevelopment agreement of  180 -210 acres through MG Development South LLC. Owned by  Irrevocable Family Trusts and partner. Miles Lead Consultant. All companies are Illinois formed.

Commercial rehab but not owned.

• 1245 Waukegan Road,  Unit 200, and 201  Glenview Illinois 60025. 5000 square foot buildout 2014.

• 37 south prospect  REMAX offices  $150k office demo and buildout  2020.

• 41 South prospect  Park Ridge, 1100 square foot office rehab for National Non for Profit.