Toorak CFO Eli Novey Named a 2022 Finance Leader by HousingWire
Updated: May 18, 2022
Eli Novey is the chief financial officer at Toorak Capital Partners and brings over 20 years of experience in real estate finance, treasury and accounting operations to the company. Novey’s leadership at Toorak led to financing over $2 billion of real estate loans in 2021, enabled affordable housing initiatives and perpetuated small to medium size enterprise capital access.
Novey has been essential to Toorak’s recent business expansion and has been a critical driver of the company’s overall growth over the last 12 months. In 2021, he was instrumental in the launch of Toorak’s inaugural rated securitization backed by 30-year single-family rental property loans. Under Novey’s leadership, Toorak completed five securitizations of residential bridge loans totaling $1.6 billion, including the largest ever transaction in the space in 2020. Under his direction, Toorak launched a new custom-built general ledger and accelerated the company’s ability to institutionally report in a faster, more efficient manner.