Founder & Co CEO of Yesodot Found
Founder & Co CEO of Yesodot Found, a leading financing fund for Residential Construction Loans.
I was born and raised in Dimona, a small city located in the south of Israel. I graduated the “Technion”, Israeli Technology Institution of Haifa, B.Sc & M.Sc.
I have 18 years of experience as a banker in local Israeli banks focusing in Construction Loans and Mortgages. My last position as a banker was Deputy Managing Director in Bank of Jerusalem. Later on, I served as a CEO in several construction companies and as the Chairman of Elad Israel Residential, part of Tshuva Group.
Together with my partners, we established in 2014 the “Yesodot Fund”. We raised USD 200M from Israeli Financial Institutions, all to be invested in Senior and Mezzanine debt to Israeli developers. Yesodot Fund, is the only non-bank player that can provide developers with their full financial needs, including Housing Bonds to secure buyers payments during the construction period. After only 3 years of activity, we already refunded our investors with part of their investment and indicate a double digit IRR. Currently we are now on a road show, raising another USD 250 M.
In addition to my business activities, I’m a member of the Board of the Lone Soldier Center in memory of Michael Levin. This non-profit organization helps lone soldiers across Israel, both new immigrants to the country and Israel-born lone soldiers from broken homes. The Lone Soldier Center provides them with everything a family in Israel provides their son or daughter during their IDF service.