ST. PAUL, MN – Oak Grove Capital, a leading national provider of real estate financial services, has announced that Ken Bowen has joined the St. Paul-based lender as a senior vice president, focusing on new loan originations for the company’s market rate multifamily debt platform.
“Ken brings over 30 years’ experience in commercial real estate to his new role at Oak Grove Capital. He is well-respected in the industry and has a wealth of knowledge regarding all types of housing finance,” said Jeff Patton, managing director of market rate loan production at Oak Grove Capital. ”There is no doubt that Ken will be a pillar around which we can continue to build and expand our platform.”
“I am thrilled to be joining the Oak Grove Capital team. Oak Grove has had a strong multifamily presence for many years, offering diverse origination capabilities and having deep Agency relationships,” said Bowen. “I have known the principals of the company for over 15 years and I have long known that they believe strongly in doing the right thing by customers, investors, and employees. I look forward to leveraging my experience to help further grow the firm’s multifamily footprint.”
Prior to joining Oak Grove Capital, Bowen was president of Red Mortgage Capital, where he spent 18 years focused on multifamily and seniors housing production. His experience includes a wide variety of roles, including chief underwriter, head of multifamily production, and member of the Loan Committee and Asset Management Committee. Bowen has also served on Fannie Mae’s Affordable Housing Forum, Chief Underwriter’s Forum, and various working groups assisting Fannie Mae in new product developments and enhancements. Before moving to Columbus, Ohio in 1995, Bowen spent two years as chief lending officer of a savings bank in New York City that focused on commercial real estate lending, and 10 years in the fee appraisal business, earning the MAI designation in 1990.
Brian Kelleher, managing director at Oak Grove Capital, added, “Ken, with his extensive background in loan origination and in acquiring multifamily assets, is a valuable addition to our team. With Ken’s leadership, we fully expect to expand our presence nationally, grow our multifamily platform, and better serve our highly valued customers. I could not be more pleased to work with Ken again. He has the highest integrity and is completely dedicated to doing the right things for his customers and his colleagues.”
Bowen will be based in Oak Grove Capital’s Columbus, Ohio, office and can be reached at 614-522-6838 or [email protected].
About Oak Grove Capital
Oak Grove Capital is a nationwide mortgage lender specializing in affordable and market rate multifamily apartment complexes, seniors housing and healthcare facilities. Headquartered in St. Paul, Minn., Oak Grove Capital services a commercial loan portfolio in excess of $8 billion and offers a product line consisting of Fannie Mae DUS®, Freddie Mac, FHA MAP, GNMA and other commercial real estate funding options. Regional offices are located in Dallas, Boston, Tampa, Los Angeles, Chicago, Birmingham, Columbus, OH and Bethesda, MD. For more information visit www.oakgrovecap.com