Downtown Cleveland Alliance



This family-owned business is part of Cleveland’s past and future

At Great Lakes Financial Group (GLFG), they base their over 20 years of success on the two assets they value most, clients and employees.

“When I opened my doors many, many years ago, I knew happy employees would lead to happy customers,” said Joseph Bobeck Sr., President of Great Lakes Financial Group. “I have tried to surround myself with people I trust and believe in.”

GLFG is proud to acknowledge that there are employees who have been an integral part of the team for over 10 and even 20 years.

Recently, Joseph Bobeck Jr. has joined the family business to become the Chief Operating Officer. He has followed in his father’s footsteps by entering into the commercial mortgage banking world, but does it in his own pair shoes. Joe Jr. brings new ideas and energy to the already successful company. He has taken the culture at GLFG even one step further by working to increase productivity with updated processes and databases, fully understanding the customer and their needs, applying flexibility in the workplace so employees can achieve a work-life balance, and focusing on originating new business to keep the company growing.

They are serving their clients better than ever.  GLFG is most well-known for providing commercial real-estate mortgage loans through government agencies for multifamily properties, affordable housing, healthcare facilities, and senior housing.

“We get the difficult deals done,” said Joe Sr. “Our experience working with HUD, our knowledge of the process, and the relationships we have built over the years gives us the ability to get things done.”

At GLFG, they will take you through the entire financing process.

“We are a full-service mortgage banker, which means we will be there with you from start to finish,” said Joe Jr. “Our team offers advisory services to guide you, underwrites your loan, and services the loan after closing. I tell every borrower how important is it to communicate with your lender and to know that your lender is fully engaged in you.”

Beyond the lending arm of the family business, the Bobecks also have a development arm that includes a few thousand units, along with an asset/property management arm that oversees almost two thousand units. The portfolio includes properties such as the Osborn Apartments and Huron Square both in Downtown Cleveland, and others in cities including Mayfield Heights, Parma Heights, and Warrensville Heights.

“We invest in properties in downtown Cleveland for a reason. We love this city and what it has to offer so much we headquartered our business here,” said Joe Sr. “We are a part of this city’s past and look forward to being here in the future.”

The Bobecks only see their portfolio expanding from here.

“We are a multi-faceted real-estate company that is growing every day,” said Joe Sr. “Fifteen years ago my wife, Suzy, came into the family business to run the asset management side of things and now I have my son by side running all the operations. It’s amazing to me to think back to the early days in my career when I was a CPA, to opening GLFG in 1989, and now working with my family every day to help grow our legacy. ”

Before opening GLFG, Joe Sr. was a CPA with Deloitte & Touche, then went on to become the CFO , Treasurer, and President of Associated Estates, and eventually started GLFG in 1989.  During his career he and Suzy had three children Kelly, Kim, and Joe Jr. while Suzy was a stay-at-home mother. Once the children were old enough to be in school Suzy began selling real-estate with Realty One which later lead to her to be her husband’s full-time business partner.

GLFG is a family-owned, small business that thrives on passion, hard-work, and dedication.

“We want our customers to know that they can rely on us because our core values are strong,” said Joe Jr. “We care deeply about the services we provide and think of every client as our financial partner.”

The future for GLFG is looking very bright. In 2014 GLFG will celebrate 25 years.

“We are in one of the hottest industries right now with record low interest rates and record high occupancy rates,” said Joe Sr. “Even after all these years, I learn something new every day and I get to do it with my family in a city that I love.”


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