John is the CEO and founder of Toorak Capital Partners. Prior to Toorak, John was the founder and President of B2R Finance, the leading mortgage origination company focused on the single family rental and residential bridge loan markets. B2R Finance (now Finance of America Commercial) is a Blackstone portfolio company.
Before founding B2R, John led Deutsche Bank's single family rental lending practice where he originated more than $5.0 billion in single-family rental loans made to large institutional acquirers of homes and structured the first ever securitization of single family rental properties. Prior to the formation of the SFR platform, John originated large balance commercial real estate loans in the CMBS group at Deutsche Bank and worked in the financial institutions investment banking groups at Deutsche Bank and Credit Suisse First Boston.
In total, John has completed more than $50 billion in transactions and has structured financings which won CMBS or structured finance “Deal of the Year” awards four times. John graduated from Princeton University magna cum laude with an A.B. degree in economics.
Chief Executive Officer
Eli is the Chief Financial Officer of Toorak Capital Partners. Prior to joining the Toorak executive team, Eli worked for B2R Finance, the leading mortgage origination company focused on the single family rental and residential bridge loan markets. As B2R’s Treasurer, Eli oversaw the Company’s cash and liquidity management activities covering loan origination, business operations and the Company’s warehouse and mezzanine financing activities in support of B2R’s multiple functional and product areas, including the Dwell Bridge Lending Platform.
Prior to joining B2R, Eli served as the Corporate Controller of Northstar Realty Finance Corp, a diversified commercial REIT, where he was responsible for managing daily liquidity for the Company’s various assets and entities as well as supporting the Company’s expanding reporting and compliance requirements. Before joining Northstar, Eli was a senior manager in PricewaterhouseCoopers’ Banking & Capital Markets Assurance practice, where he served for 14 years, including a 2-year rotation in the Firm’s national office, where he supported a variety of residential, commercial, consumer and specialty lending clients. Eli graduated with honors from the University of California, Santa Barbara with a B.A in Business Economics.
Chief Financial Officer
Tim heads up the UK business at Toorak Capital Partners. Prior to Toorak, Tim was CEO and founder of Cogent Investments, a multi-national distressed asset platform, deploying over $100 million across both UK and US residential markets; acquiring over 500 individual assets through NPL acquisitions, foreclosure and administration sales. Alongside this, he started a US-based asset management business to oversee the various portfolio requirements, acquisitions, construction management, property management and eventual disposal of assets.
Alongside Cogent, Tim worked with UK bridge and mezzanine lender Calmez, focusing on low value, high volume loan origination, working to grow the overall loan book whilst concentrating on improving credit quality. Tim also worked for two of the top London surveying firms and a residential investment fund prior to founding Cogent Investments.
Director of UK
David heads up the Small Balance Commercial platform at Toorak Capital Partners. Prior to joining Toorak, David was a Principal at Prudential Mortgage Capital Company where he led the Capital Markets pricing team responsible for CMBS loan pricing and securitization analytics. Prior to joining Prudential, David spent six years as Co-head of CMBS/CRE CDO trading at both Sterne, Agee, Inc. and StormHarbour Securities in New York. Previously, David was a Senior Director in the Capital Markets group at Hypo Real Estate Holding and from 1998 to 2006 David was the Pricing and Hedging Manger at GE Real Estate.
David’s work has included securitizing over $30 billion in CMBS collateral, pricing in excess of 1,000 fixed and floating rate CRE loans, and trading over $7 billion in securities and third party debt sales. He has an MBA from Stern School of Business at New York University and graduated with High Honors in Economics from Brandeis University.
Director of Credit
Darren coordinates asset management and business development at Toorak Capital Partners. Prior to Toorak, Darren was an AVP in the Capital Markets group at B2R Finance. Darren was integral in completing the first multi-borrower SFR securitiziation as well as implementing the company's quality control department. He then helped complete the Company's second securitization by working with rating agencies, external counsel, diligence and structuring agents.
Before B2R, Darren was a senior at EY in their financial statement assurance practice in Stamford, CT and Charlotte, NC. He audited, public, private, domestic and international clients in multiple different industries including real estate, pharmaceuticals and major industry.
Darren graduated with honors from the University of Delaware with a B.S. in Finance and minors in Economics and International Finance. He then graduated with a M.S. in Accounting from the McIntire School of Commerce at the University of Virginia.
Asset Management & Reporting
Devang manages all aspects of originator onboarding, credit due diligence oversight, and day to day communication with all lenders.
Prior to Toorak, Devang worked at B2R Finance within the capital markets team as a key member in executing the first multi borrower SFR securitization and subsequent securitizations. In addition, Devang assisted in daily loan pricing of loan opportunities, daily PNL reporting to senior management, and the operational setup of warehouse finance lines.
Devang worked within the Securitized Products group at Barclays helping to setup the warehouse lending platform for RMBS and CMBS. In addition, Devang also worked within the Portfolio Accruals and Conduits team focusing on ABS and MBS.
Business Development/Loan Acquisitions
Aleksandra Simanovsky is a principal focused on small balance commercial credit, business development and the securitization program at Toorak Capital Partners. Before joining Toorak in 2019, Aleksandra spent four years as a Vice President in Deutsche Bank’s Commercial Real Estate (CRE) group, where she led the new issuance of over $40 billion in commercial real estate backed securitization deals. Between 2014 and 2015 Aleksandra served as an associate director in the CMBS group at Kroll Bond Ratings Agency, during which time the firm gained 2nd largest CMBS ratings market share.
Aleksandra began her career as a credit analyst at Moody’s Investors Service, where between 2003 and 2014 she worked in the RMBS, ABS and the CMBS groups and modeled cashflows, underwrote commercial real estate loans, authored, presented and published credit opinions, research and methodologies.
Aleksandra graduated magna cum laude with a B.S. in finance from Pace University.
Matt is the trader for Toorak Capital Partners focused on the long term rental program and the securitization programs. Prior to Toorak, Matt ran capital markets at Direct Access Capital and was responsible for managing and growing their residential credit product lines.
Before joining Direct Access, he was Chief Investment Officer for Patch of Land. As CIO he was responsible for all capital market activities, expanded their loan product lines and brought in new institutional relationships.
Prior to Patch of Land, Matt pioneered three of the industry's first-ever multi-borrower single-family rental securitizations at Blackstone Group subsidiary, B2R Finance, (now known as Finance of America Commercial) from start up to a multibillion dollar lender in only a few years. He was responsible for pricing new risk, hedging and structuring of the securitizations.
Matt worked for Bear Stearns and J.P. Morgan on their CMBS Capital Markets team. While there, Matt structured, marketed and executed financing solutions for the bank and commercial real estate clients including CMBS, CLO, NPL and Repo structures. Matt holds a BS in finance from Pennsylvania State University and an MBA with a concentration in finance from Fordham University.