New Gables Capital
NGC is a private commercial real estate lender that provides mortgage, mezzanine and preferred equity investments to our clients. At New Gables Capital, we understand that no two borrowers are alike and that every situation and need is unique. We approach each transaction with an open-minded and hands-on approach to find the right financial structure for our clients.
Our firm’s principals have over 30 years of commercial real estate banking experience. We believe that in an evolving market, it’s important not to be bound by the limits of a specific real estate class or capital structure. NGC seeks opportunities outside the status quo of traditional real estate and focuses on adaptive and innovative strategies on lending on a wide variety of classes, types, location and structure. It’s creative thinking like this and relationships with conventional lenders that allows our team to find success for the firm and its clients.
At NGC, we believe in an entrepreneurial culture that strives for execution and emphasizes a hands-on and personal relationship with our clients.
Eyal Alfi – Co-Founder and Chief Credit Officer
Eyal Alfi is the co-founding principal and Chief Credit Officer of New Gables Capital and owner of the Pan York Investment Group. The family-owned and -run office targets fixed income investments in commercial real estate and associated credit products. Pan York’s current real estate holdings include triple net leased industrial and retail properties in Florida as well as passive investments in multifamily, office and hospitality properties in Texas, Colorado, Indiana, Florida, and Georgia.
Since NGC’s inception in 2014, Mr. Alfi and his family have invested in every loan originated by New Gables Capital; typically, no less than 10% of each loan.
Mr. Alfi began his two-decade career as a banking executive and commercial real estate lender with the Dime Savings Bank of New York’s Treasury and Commercial Real Estate groups. After six years, Mr. Alfi was named Vice President and Senior Loan Officer with Washington Mutual’s Commercial Real Estate Lending Group. While with WaMu, he was consistently a top performer, personally originating over 700 commercial real estate loans aggregating over $1.4 billion.
In 2007, Mr. Alfi left commercial banking to become President of Investment Sales and Finance with GFI Realty Inc. Over the next year, he managed 40 sales and finance commercial real estate brokers serving primarily the New York metro area.
His two decades of experience have shaped his expertise in commercial real estate investments, loan underwriting, origination, syndication and balance sheet held assets and liabilities risk management. He still holds deep relationships with commercial real estate brokers, owners, operators, bankers, and investors.
Mr. Alfi is a veteran of the Israeli Air Force. He holds a BSC in Mechanical Engineering from Coventry University, England, and an MBA from Bradford University, England.
Steven Fischler – Co-Founder and Chief Executive Officer
Steven Fischler brings more than 14 years of commercial real estate experience to his dual roles as co-founding principal and Chief Executive Officer of New Gables Capital, and owner and managing principal of real estate advisory company, SRF Ventures.
Mr. Fischler has a rich history in commercial real estate asset management, workouts and restructuring complex real estate transactions gained through his work at Lehman Brothers from 2004 – 2011. Canyon Ranch Miami Beach and Setai South Beach were among the high-profile real estate assets he oversaw as part of the Lehman bankruptcy.
His success led to the creation of SRF Ventures in 2012. To date, the firm has asset managed or advised on over $800 million of multifamily, condominium and hospitality debt and equity investments for institutional investors, including Ladder Capital, Canyon Ranch and Benefit Street Partners.
Principal investments include more than two dozen multifamily properties in Illinois, Georgia, Texas, Colorado, Florida, and Indiana, as well as hospitality assets in Indiana, Florida, New Mexico, Louisiana, and New York as well as investments in every loan New Gables Capital has originated since inception.
Mr. Fischler holds a BBA in Management with a minor in Marketing from the University of Miami and a Masters in Real Estate Finance with distinction from NYU.