Leon Elliott, a 40-year veteran in commercial and residential real estate lending, has joined ValueXpress effective December 1. Elliott will be based in the Boston, MA metropolitan area and will be primarily responsible for commercial loan originations in Massachusetts, Rhode Island, New Hampshire, Vermont and Maine.
“I have known Leon for over 10 years,” commented Michael D. Sneden, Executive Vice President at ValueXpress. “We completed a number of CMBS conduit transactions in hospitality, multifamily and retail in New England that closed smoothly prior to Leon forming a residential home lending company in 2000.”
“Leon has a very friendly demeanor and always got along well with borrowers and other intermediaries,” recalled Sneden. “Leon will hop in a car or catch a plane at a moment’s notice to meet with a potential borrower, and that’s the attitude you need to compete in today’s market. With our back office support and excellent reputation for underwriting and closing commercial loans, I expect Leon to be very successful originating loans throughout New England.”
Elliott will primarily originate CMBS conduit loans, SBA 504 and SBA 7(a) loans and agency multifamily loans. In addition, he will further establish relationships with community banks in New England to assist bankers with their SBA originations and programs.