Dan Carbeck, a 35-year veteran in commercial real estate lending, joined ValueXpress effective January 15. Dan will be primarily responsible for commercial loan originations in the mid-western portion of the United States.
“Dan brings an outstanding breadth of experience to the ValueXpress team from his stints at M&T Bank, Mellon Mortgage Company and Key Bank. In addition, Dan produced for Fannie Mae/Freddie Mac lenders GMAC Commercial Mortgage and ARCS Commercial Mortgage,” commented Michael D. Sneden, Executive Vice President at ValueXpress.
Dan has originated CMBS conduit loans, Fannie/Freddie multifamily loans, life company loans and commercial bank portfolio loans during his career. While at Largo Real Estate Advisors, Dan originated $2- to $15-million commercial loans for Prudential’s PruExpress loan program.
Beginning in 2007, Dan operated the Midwest office for Bond Street Capital, a commercial real estate origination shop formed in 2002 by Barry Reiner, a former First Union Capital Markets executive, and Joe Forman. The firm arranges CMBS conduit loans, insurance company loans and commercial bank portfolio loans.
“The CMBS conduit loan market is on a tear, and I want to participate with ValueXpress,” said Dan. “ValueXpress is known for its loan closing expertise and clients love the company’s smooth processing and closing routines. ValueXpress has solid lender relationships and quality underwriting support from Senior Underwriter Jim Brett. I know that by working with ValueXpress my clients will have a positive experience obtaining their commercial loans. And that will be a positive reflection on me. I am aggressively seeking new clients knowing they will be well-cared-for by me and the ValueXpress team.” Dan can be reached at firstname.lastname@example.org.