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Today’s business world is complex. As "hard money" lending meets Wall Street and continues to mature, it is marching into ever greater complexity. Navigating the web of borrowers, lenders, brokers, investors, and capital providers requires a diverse perspective very few in the industry possess.Devang Patel, CEO of Funding Door, has had the unique experience of serving in all of these roles. Prior to founding Funding Door, he was Toorak Capital Partners' first hire as Head of Business Development and Loan Acquisitions, helping to spearhead the origination of more than $2.5 billion in loans for individuals investing in residential real estate. He was accountable for setting up and creating the initial operational infrastructure and led the sourcing and growth of lender relationships nationwide. Prior to Toorak, Devang was one of the initial hires at B2R Finance (Finance of America Commercial), a pioneering lender for single-family rental investors backed by the private equity firm Blackstone Group which originated over 1 bn during his time. Devang began his career at Barclays Capital, covering various Residential and Commercial whole loan products within the Securitized Products Group. Devang has also personally invested in real estate through fix and flips and owning several rental units, allowing him to relate to the needs of borrowers. Devang’s 16-year career and significant expertise in real estate allows him to excel in providing capital to fund the opportunities and successes of real estate investors. All his experiences aligned during the creation of Funding Door. Devang serves as CEO of Funding Door which means he bears many responsibilities: everything from the overall financial structure of the company to operations and sales. But most importantly, he has a deep understanding and appreciation of the relationship between the funding source and the customer. For Devang and Funding Door, the relationship with their customers is at the forefront of everything they do.
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Founder And CeoFunding DoorNew York, Ny, Us -
Founder And CeoFunding Door Sep 2021 - PresentIselin, New Jersey, Us -
DirectorRain City Capital Sep 2020 - Sep 2021Kirkland, Washington, Us -
PrincipalToorak Capital Partners Aug 2016 - Sep 2020Summit, New Jersey, UsOversee business development and loan acquisitions for fix and flip, multifamily, and single family rental loan products -
PrincipalToorak Capital Partners May 2016 - Aug 2016Summit, New Jersey, Us -
Capital Markets AssociateB2R Finance Jul 2014 - May 2016New York, New York, UsLoan pricing, PnL reporting, and securitization -
AssociateApollo Global Management Llc Mar 2013 - Aug 2014New York, New York, Us-Associate for REITs, Real Estate public and private fund, and Structured Credit funds within Apollo -
Securitized Products AssociateBarclays Capital Sep 2007 - Apr 2013New York, Ny, UsSupport the student, commercial and residential originations desks.Managed Asset Backed Commercial Paper securities arbitrage conduit for commercial paper dealer trades, trade capture,and P & L Worked with portfolio accruals team to analyze collateral performance, perform credit and structural analysis for buy and sell opportunities of ABS securitiesWorked as a business analyst to reduce inefficiencies in workflow through automation of manual processesBuilt process flows for new Student Loan businesses for front to back process flowsPart of Commercial/Residential origination team and support teams in assisting closing deals. -
Financial Analyst InternAvis Budget Group 2005 - 2007Parsippany, Nj, Us
Devang Patel Skills
Devang Patel Education Details
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Kean University
Frequently Asked Questions about Devang Patel
What company does Devang Patel work for?
Devang Patel works for Funding Door
What is Devang Patel's role at the current company?
Devang Patel's current role is Founder and CEO.
What is Devang Patel's email address?
Devang Patel's email address is de****@****ail.com
What is Devang Patel's direct phone number?
Devang Patel's direct phone number is +190827*****
What schools did Devang Patel attend?
Devang Patel attended Kean University.
What skills is Devang Patel known for?
Devang Patel has skills like Derivatives, Capital Markets, Securities, Securitization, Financial Analysis, Trading, Hedge Funds, Portfolio Management, Bloomberg, Fixed Income, Structured Finance, Financial Modeling.
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