Our team is composed of experienced professionals who enjoy working closely with our clients and with each other.

We are large enough to offer advice on a broad range of topics, and small enough to provide exceptionally personalized services to our clients. The client driven focus allows us to excel at providing financial and investment advice that is bespoke to our individual clients.

Meet the Stillwater Asset Management Team

Lena Motz

Founding Principal, Chief Executive Officer and Chief Investment Officer

Experience

With twenty years of credit experience, she is responsible for setting the strategic direction of the firm as well as identifying investment opportunities that fit within the firm’s mandate. Lena was most recently a Managing Director in charge of the commercial loan and senior living equity businesses at WMD Asset Management, LLC. While at WMD, Lena invested and managed over $800MM in commercial loan and senior living investments. Prior to joining WMD, Lena was a director in the loan portfolios & structured credit group at CarVal Investors. She was responsible for all aspects of commercial loan investing including establishing and managing servicer and operator relationships.

Qualifications

Lena holds a Bachelor of Business Administration from the University of Minnesota-Duluth where she graduated Summa Cum Laude, as well as a Juris Doctor from William Mitchell College of Law. She is licensed (currently inactive) to practice law in the state of Minnesota.

Richard Buckland

Chief Financial Officer and Chief Operating Officer

Experience

Richard most recently held the position as COO of Wells Fargo Global Fund Services LLC and was part of the senior management team that saw the business transition to SS&C Technologies Inc. Prior to that he was Managing Director of LaCrosse Global Fund Services’ North American unit, a subsidiary of Cargill that provides operations, middle-office and fund administration services to hedge fund managers. Richard previously held key management positions in tax, accounting and financial reporting functions in the U.S., U.K. and South Africa. His career spans portfolio accounting to management reporting and is coupled with external audit expertise. He played a leading management role in the creation of a previous asset management company while at Cargill.

Qualifications

Richard has a Bachelors in Accounting from the University of Witwatersrand and a Bachelor of Accounting Sciences in Financial Accounting from the University of South Africa, he is a member of the South African Institute of Chartered Accountants.

Raemi Gubrud

Managing Director

Experience

Raemi is responsible for investing in and managing commercial loans and loan portfolios. Prior to joining SAM, Raemi was a Vice President at WMD Asset Management where she worked in the commercial loan group and was responsible for underwriting, reporting, valuation, and portfolio analysis. Raemi also worked at CarVal Investors, where she gained operational experience in the commercial loan markets, and for the Office of the Comptroller of the Currency. At the OCC, Raemi gained experience identifying and evaluating credit risk in bank loans.

Qualifications

Raemi has a BBA in Banking and Financial Economics and a Bachelors of Accountancy from the University of North Dakota.

Brad Hrebenar

Managing Director

Experience

Brad is responsible for managing the servicing relationships and front-line work out strategies in commercial loans and loan portfolios. Prior to joining SAM, Brad was the Executive Vice President and CIO for Key Star Capital with responsibility and oversight of the asset managers and loan portfolios. Brad has over 20 years’ experience in loan acquisitions and loan servicing including the negotiation and collection of commercial debts and various other debt instruments such as medical, credit card, auto, and residential debts. In addition, he was instrumental in the design, development and implementation of his previous employer’s Loan Evaluation and Documentation System, a proprietary system designed to track and manage all aspects of a loan’s life cycle.

Qualifications

Brad earned the designation of Certified Commercial Investment Member (CCIM) and is recognized as a leading expert in commercial investment real estate.

Matthew Doucette

Controller

Experience

Matt was most recently at SS&C GlobeOp Global Fund Administration Service (SS&C) for 13 years, where he was Director of Financial Reporting/Accounting Policy. While at SS&C, Matt oversaw regulatory reporting, financial reporting, and fund accounting teams for hedge, private equity and hybrid fund structures in several regions, globally. Prior to joining SS&C, Matt was a Senior Accountant within the controller’s department of ESPN (Disney). He was responsible for controllership of ESPN Regional Television as well as the global Travel and Expense accounting function.

Qualifications

Matt received his Bachelor of Science in Accounting from Central Connecticut state University and then a Master of Science in Accounting and Taxation from the University of Hartford.

Henry Bensen

Associate

Experience

Henry is an analyst focusing on commercial loan portfolio opportunities. Prior to joining SAM, Henry held various analyst intern positions with the Carleton college Investment Office, Moir Park Capital and interned with the U.S. House Committee on financial Services, where he focused on creating strategy and performance summaries, research market analyses summarizing economic drivers and real estate fundamentals.

Qualifications

Henry received his Bachelor of Arts in Economics from Carleton College, during this time he was senior captain of the college basketball team and mentored Spanish speaking students.

Joycelyn Scott

Regional Support Nurse

Experience

Since 2010 Joycelyn has held positions including as a Homehealth Nurse, Memory Care Director, Resident Director and Wellness Director at various communities and organizations companies focused on the senior living and memory care industry.

Qualifications

Joycelyn completed the Practical Nursing (LPN) program at Atlanta Techinical College. She holds a Georgia State license and if certified in CPR & AED, BLS and IV and in addition holds a ALF Certification.

Gregg Fox

Regional Director of Operations

Experience

Gregg most recently was an Executive Director with Ebenezer the largest Senior Living provider in Minnesota. He has over 15 years of experience in the Senior Living Industry with small and national companies. During that time, he had experience with opening new communities, stabilizing challenged communities, and transitioning occupied communities through new ownership/management. His dedication to his teams over the years has earned him a track record of improving occupancy, staff and resident retention, regulatory compliance and operational efficiency.

Qualifications

Gregg has a Bachelor of Arts degree in Business Management from St. John’s University.

Lillian Locher

Collateral Specialist

Experience

Lillian brings over 20 years of commercial and residential loan administration experience managing conventional and secondary market agency loan portfolios for various banking, investment banking, and insurance company lenders. Her expertise includes comprehensive knowledge of the loan processing cycle from application, closing, secondary market delivery to servicing, and compliance, funding, and credit policies of financial institution operations.

Qualifications

She attended DePaul University in Chicago majoring in business administration with a minor in real estate finance. She is pursuing Paralegal studies at Hamline University in Minnesota, and is fluent in Spanish.

Reeves Ambrecht

Managing Director

Experience

Reeves is responsible for generating and qualifying commercial loan opportunities in the secondary market on a direct basis from financial institutions. Reeves was previously employed by Jones Lang LaSalle and Cushman & Wakefield as an analyst and associate. In these roles as a licensed broker, Reeves assisted senior management who represented landlords and tenants in the acquisition and disposition of office space in Manhattan, and Fairfield and Westchester counties. Prior to joining the team as an independent consultant, Reeves was a Managing Director and an integral part of the loan sale advisory department at the Debt Exchange, Inc. In this role, Reeves worked directly with public and private banks by helping with the disposition and sale of non-strategic loans into the secondary market.

Qualifications

Reeves earned his bachelor’s degree from Lake Forest College and attended the Lawrenceville School.

Kayla Banick

Regional Director of Health and Wellness

Experience

Kayla was most recently at Ebenezer Management Services for 6 years, where she was the Regional Director of Health Services specializing in acquisitions. She has over 15 years of experience in the Senior Living Industry providing strong nursing & administrative leadership, process improvement, regulatory compliance, quality assurance and risk management. Kayla has successfully led teams through the opening of new communities, stabilizing challenged communities, and transitioning occupied communities through new ownership/management.

Qualifications

Kayla has a Bachelor of Science in Nursing degree from Capella University.

Alexandria Love

Investment Analyst

Experience

Prior to Joining SAM, Alexandria worked with a non-profit to help minority lead businesses optimize performance with data insights. She has 2 years of experience in retail banking where she focused on developing and implementing process improvements within the Virtual Deposit Operations Department. She’s completed a fellowship where she developed analytical, data visualization and machine learning skills.

Qualifications

Alexandria received her BSBA in Economics from University of Nevada, Las Vegas.

Jade Boisjoli

Investment Analyst

Experience

Jade completed an internship with SAM prior to joining full time. She studied at the University of Minnesota – Twin Cities, where she was a member of the Investment and Finance Organization. Here, she met with prominent banks across the U.S., focusing on topics within the investment banking and private equity industry.

Qualifications

Jade has a BSB in Finance from the University of Minnesota – Twin Cities, where she graduated with high distinction.

Stillwater Asset Management, LLC is a veteran team of commercial loan and senior care specialists who acquired their expertise over multiple years and differing firms with a history of working together through many market crises.