NEW YORK–(BUSINESS WIRE)–Sept. 12, 2022–
Naftali Credit Partners, a subsidiary of the Naftali Group – the leading privately held global property development and investment firm led by CEO and Chairman Miki Naftali – has appointed Glenn Grimaldi as Managing Director. In his new role leading the company’s real estate lending arm, he will oversee credit investments for Naftali Group’s lending subsidiaries, including Naftali Shaked Partners II (NSP II), as well as originations, operations and asset management. Mr. Grimaldi will also lead the internal credit team and serve on the NSP II credit committee.
Glenn Grimaldi, CEO, Naftali Credit Partners (Photo: Business Wire)
Prior to joining Naftali Credit Partners, Mr. Grimaldi worked for HSBC Bank, one of the world’s largest financial institutions, where he served as Head of US Commercial Real Estate and Executive Vice President. In this role, Mr. Grimaldi managed a portfolio of over $20 billion in mortgage investments in over 45 states across the United States, and in addition to his direct involvement in origination and approval of investments real estate, he oversaw a team of more than 65 mortgage professionals in all US gateway markets.
“I am delighted to join the Naftali team as CEO of Naftali Credit Partners,” said Mr. Grimaldi. “There is a greater need than ever for private debt funds to support borrowers in all markets with a fast, efficient and creative debt solution. I look forward to working with Miki and the team”
“As we seek to leverage the momentum and reputation of Naftali Credit Partners as one of the strongest alternative lenders in key markets across the country, we are delighted to have Glenn join the team,” said said Miki Naftali, CEO and Chairman of Naftali Group. . “His wealth of experience in all facets of real estate finance makes him an ideal leader to take Naftali Credit Partners to even greater heights.”
An industry veteran with more than 35 years of experience in commercial real estate financing, Mr. Grimaldi has participated in the financing of more than $100 billion in transactions and has overseen the syndication of more than $50 billion in real estate financings. business with over 75 US and international institutional partners. Mr. Grimaldi has expertise in all mortgage products and property types, including acquisition loans, bridge and construction financing, permanent financing, note financings, and secured and unsecured credit facilities for: apartment buildings, office buildings, condominiums for sale, hotels, shopping centers and financing of large mixed projects.
Throughout his career, Mr. Grimaldi has built long-term relationships with the brokerage community, international real estate owners, sovereign wealth funds, family offices, US national and regional landlords, and commercial real estate developers. He has a strong track record in setting risk strategies, underwriting and due diligence standards, and establishing and maintaining strong regulatory discipline with US and other regulatory authorities. Mr. Grimaldi holds an MBA in finance from the Indiana University Kelley School of Business.
About Naftali Credit Partners
Naftali Credit Partners (NCP), a subsidiary of the Naftali group, is an alternative lender specializing in transitional real estate assets. NCP lends on projects requiring flexible capital in illiquid segments of the market that traditional banks are less likely to fund due to increased regulation, transaction complexity or execution requirements that are more suitable for a real estate company integrated. NCP’s goal is to provide borrowers with transparent and competitive execution while providing its investors with superior risk-adjusted returns and significant principal protection in the event of a downside. Visit: https://naftaligroup.com/naftali-credit-partners/
Naftali Group, a New York-based private global real estate development and investment company, has a prestigious track record, having led some of the most significant developments and restorations. Founded and led by Miki Naftali, the Naftali Group is highly specialized in identifying and acquiring undervalued properties in prime geographies with high growth potential while maximizing the value of unique and irreplaceable assets. Naftali Group pursues strategic acquisitions and continually expands its extensive portfolio of new development condominiums, income-generating properties, mixed-use and other assets. Through innovation and discipline, Naftali is recognized as a leading developer with a current and past portfolio of over 37 projects with a total value of over $12 billion. Visit: https://naftaligroup.com/
CONTACT: M18 Public Relations
Kristen Krajewski;kristen@m18pr.com
Sydney Wagner; sydney@m18pr.com
KEYWORD: NEW YORK UNITED STATES NORTH AMERICA
SECTOR KEYWORD: PROFESSIONAL SERVICES OTHER PROFESSIONAL SERVICES COMMERCIAL BUILDING AND REAL ESTATE CONSTRUCTION FINANCE AND REAL ESTATE BANKING
SOURCE: Naftali Credit Partners
Copyright BusinessWire 2022.
PUBLISHED: 09/12/2022 14:10 / DISK: 09/12/2022 14:11
