Steve Lombardi, a 20-year veteran in commercial real estate lending, private equity and capital markets, joined ValueXpress effective November 15. Steve is primarily responsible for commercial loan originations focused on CMBS conduit loans in New England. Steve is based in Melrose, Massachusetts, just north of downtown Boston.
“Steve brings an outstanding breadth of experience to the ValueXpress team from his history in commercial property sales, development and site selection, where he assisted companies find and develop real estate assets. More recently, Steve was involved in private equity investment, identifying companies in growing industries requiring access to capital to make acquisitions or fund internal growth plans. “Many of these clients are family-owned and lack the expertise in structuring capital investment to grow their businesses, and Steve brought that expertise to the table,” commented Michael D. Sneden, Executive Vice President at ValueXpress.
“I am very excited to be working with Mike, Jim and the rest of the ValueXpress team,” said Steve. “ValueXpress has an excellent reputation in the market for service. My prior work with less-sophisticated real estate and business owners demands hand holding to achieve a good borrower experience. And ValueXpress is known for that kind of personal touch.”
“I am particularly energized to originate CMBS conduit loans, given the resurgence of the product since 2010 and the ability to provide unrestricted cash out to owners of underleveraged properties or those in which the sponsor created value through leasing or rehabilitation,” said Steve. “I will be hitting the Boston MSA to kick off, then work the balance of Massachusetts and the surrounding states.”
Steve can be reached at email@example.com or at 888-805-1390.