Ken Stevenson, a 20-year veteran in commercial real estate lending, has joined ValueXpress, effective September 1. Stevenson will be primarily responsible for commercial loan originations in the western United States.
“Ken brings an outstanding breadth of experience to the ValueXpress team,” commented Michael D. Sneden, Executive Vice President at ValueXpress. “Ken cut his teeth at S&P, rating CMBS in the 1990s, and took that experience to Lehman Brothers, originating over $1 billion of CMBS transactions from 2002 to 2006. Ken took that experience to the next level when he was tapped to become Group Head of the Northeast Region for SunTrust Bank, which was making a big push into CMBS loan origination. We are very fortunate to have someone of Ken’s caliber on board.”
Since 2008, Stevenson managed the CMBS Structured Product Team at Vanguard Group, the largest U. S. mutual fund company. At Vanguard, he was responsible for $10 billion of CMBS held in actively managed and indexed mutual fund accounts.
“I am looking forward to returning to the origination side of the business after watching my CMBS accounts reap the rewards of the market recovery,” commented Stevenson. “I have always been a believer in the CMBS loan product, and look forward to assisting my former clients and new clients secure the record-low rates now being offered on CMBS loans.”
Stevenson can be reached at email@example.com.