New Gen: What You Don’t Know About One of the Nation’s Top Lenders
Photo: With wife Marissa and sons Jack and Leo.
Title: President/managing partner, Maxim Capital Group.
Company: Launched in 2010 to take advantage of distressed opportunities after career in short-term bridge lending. NY-based investment and lending firm now has national footprint and does 30 to 40 deals per year. Types of deals: Short-term bridge lender. Look at the asset and the sponsor’s history and financial stake in the deal.
Most recent deal: $3M first mortgage on a $40M development in Manhattan. Borrower had ballooning loan that needed to be paid off in two weeks.
Memorable deal: Maxim’s first loan—senior $1.5M on 3,500 SF, three-bedroom corporate-owned co-op in Pierre Hotel.
Grew up: Syosset, Long Island. Current home: Woodbury, Long Island.
School: Syracuse (BA finance).
First job: Parking valet all over Long Island.
First real job: Originator at Bridge Lender.
Why real estate career: Followed a fraternity brother.
Family: Married 11 years; two sons (8 and 3).
Favorite restaurant: Chef Vola in Atlantic City.
Vacation spot: Cabo.
Band: Pearl Jam.
Bucket list: Safari in Africa.
Guilty pleasure: Starbucks—ice coffee multiple times per day.
Read more at: https://www.bisnow.com/new-york/news/ascent/new-gen-what-you-dont-know-about-one-of-the-nations-top-lenders-49541