Nik Chillar

Nik Chillar Email and Phone Number

President and Founder @ ACTIV Capital Strategies
Newport Beach, CA, US
Nik Chillar's Location
Newport Beach, California, United States, United States
Nik Chillar's Contact Details
About Nik Chillar

As a co-founder and president, Nik Chillar leads ACTIV Capital Strategies credit and investment platform along with Rick Gallitto, where he combines twenty-five years of unique experience in commercial real estate loan origination, underwriting, bank regulatory implementation, securitization and trading. Immediately prior he was the President & Head of Technology Integration at Angel Oak Capital, a $20bn private equity firm based in Atlanta. Previously Angel Oak, Nik (and Rick) helped to restructure a San Francisco fin-tech, and before that served as a senior executive and bond trader responsible for the investment, management and reporting of the U.S. portfolio of CMBS/ CLO securities for the Union Bank subsidiary of Mitsubishi, one of the world’s largest financial organizations with total assets of $2.6 trillion (2014). He also served on the bank’s Volcker adoption committee, oversaw the CCAR stress testing reporting on the securities portfolio and served as an internal advisor to the Tokyo based CLO investment team at MUFJ Tokyo.In addition to his tenure at Union Bank, during the financial crisis of 2008 and 2009, he managed a distressed real estate fund which primarily invested in heavily discounted AAA CMBS bonds before evolving into a CMBS origination platform through a partnership with Jefferies LoanCore. This platform was built on his previous experience as a co-founder of a mortgage origination business that was ultimately sold to CharterMac Mortgage Capital (aka: Centerline Mortgage Capital) where Nik Chillar was co-head of Mortgage Originations.Earlier in his career, Nik Chillar managed a structured finance team for Lehman Brothers Principal Transactions Group based in London. There he led a team that developed new securitized products in conjunction with Lehman’s investment banking efforts in Western Europe. His team was awarded the International Real Estate Deal of the Year awards in 2001, 2002 and 2003 for their success in structuring the first successful CMBS transactions in Switzerland, Italy and Spain. Nik Chillar has both a B.A. in Social Science/Economics and a B.S. in Biological Sciences from the University of California, Irvine.Nik can be reached at his work line (949)200-5201.

Nik Chillar's Current Company Details
ACTIV Capital Strategies

Activ Capital Strategies

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President and Founder
Newport Beach, CA, US
Employees:
4
Nik Chillar Work Experience Details
  • Activ Capital Strategies
    President And Founder
    Activ Capital Strategies
    Newport Beach, Ca, Us
  • Activ Capital Strategies
    President & Founder
    Activ Capital Strategies Jan 2023 - Present
    Newport Beach, California, United States
    ACTIV Capital Strategies provides thoughtful financing solutions for commercial real estate operators and market participants
  • Asset Class
    Member Board Of Directors
    Asset Class Apr 2021 - Present
    Dublin, County Dublin, Ireland
    As a board member of a Workflow Processing, Data Science, and AI focused start-up, I work with the management team to direct product development for the needs of Private Equity and Venture Capital funds that can benefit from the Asset Class series of products.
  • Angel Oak Commercial Lending
    Co President
    Angel Oak Commercial Lending 2020 - Jan 2022
    Newport Beach, California, United States
    -Hired to assist in turn around of CRE Lending unit- produce and put in place a new Undewriting and Loan Closing And Asset Management policy to address shortfalls in the existing structure- re-underwrote all legacy loans to the new policy guidelines, and put in place a quarterly asset management program- designed and executed on a plan to deal with distressed legacy assets- Put in place new separately managed accounts resulting in the closing of over $3500mm in new senior mortgage bridge loans in first year in business - staffed up a national sales team for middle market and small balance CRE lending resulting in $9bn in new opportunities during the first 12 months.- hired analytic staff and trained 1st year analysts in complex bridge loan underwriting, and mortgage loan closing - worked with outside legal team to re-write loan documents and improve the lender rights within the documents and clarifying the quarterly borrower covenants
  • Plum Commercial Real Estate Lending
    Managing Director (Capital Markets And Technology Integration)
    Plum Commercial Real Estate Lending Nov 2019 - Oct 2020
    Newport Beach, California, United States
    Technology enabled Commercial Real Estate lender that utilizes extensive data analytics and AI to originate and asset manage investments in senior mortgages in order to generate more favorable Alpha returns in the sector.
  • Belgravia Capital
    Principal/ Managing Director
    Belgravia Capital Jun 2006 - 2020
    Newport Beach, Ca
    Commercial Real Estate Investment BankingBelgravia Capital was restarted as Distress Debt Fund Manager in 2008 when it began making investments in discounted CMBS bonds and purchasing distressed whole loans through the FDIC Structured Sale Program.In 2010 Belgravia expanded to financing borrowers in the purchase of their own distressed/discounted notes, which eventually expanded further in 2011 into providing borrowers both short term bridge and long term permanent financing for commercial real-estate.Belgravia's history across varying cycles of real estate finance have positioned the firm as both a trusted investor in debt products and a trusted advisor to its real estate banking clients and borrowers.
  • Opus Bank
    Real Estate Capital Markets
    Opus Bank 2014 - 2016
    Irvine
    -Hired by CEO to build a unit of the bank dedicated to the securitization of real estate mortgages - Achieved unit profitability and significant fee income contribution to P&L during the first year post IPO of the bank by running department with minimal staff (2 analysts and 1 director) and integrating products within other sales channels in the bank.- Developed and executed a novel strategy to convert $500mm of balance sheet loans from CRE assets into bond assets while reducing risk through the sale of subordinate bonds in a partnership with Credit Suisse and Freddie Mac. Capital Market offerings include: -CMBS executions -Selective Mezz financing behind CMBS or Bank balance sheet loans -Higher yielding bridge financing for more storied bridge loans & -Securitized Financing for owners of Single Family Rental property
  • Union Bank
    Sr. Trader (Cmbs & Clos)
    Union Bank 2012 - 2014
    Greater Los Angeles Area
    -Grew portfolio income by 80% by successfully investing bank proprietary capital using personal relationships with hedge fund and Wall St traders in liquid securities and providing liquidity to them at a premium during market dislocations. -Managed trading and investment of a $2BN CMBS and assisted with trading of a $3BN CLO portfolio, both of which outperformed benchmarks and exceeded budgeted core income -Prepared CCAR analysis on portfolio for annual Fed Stress Tests along with the supporting narrative materials-Served as the Corporate Treasury representative on the Volcker committee for the bank and was chair of the Covered Funds sub-committee within the larger Volcker committee.-Developed cross division relationships between Treasury and Commercial Real Estate and with the US securities division of the Japanese parent company (Bank of Tokyo Mitsubishi)-Assisted with the development of a warehouse lending product in Commercial Real Estate-Developed a highly cooperative and constructive relationship with multiple credit oversight groups within the bank which allowed the group to pursue new investment and trading opportunities quickly and effectively-Expanded and enhanced existing Wall Street relationships and lines of communication with other dealers and traders which contributed to portfolio performance.
  • Centerline Capital Group
    Sr. Vice President
    Centerline Capital Group 2004 - 2006
    Built the Real Estate Capital Markets business and co-headed the Conduit/ CMBS unit at what was CharterMac Mortgage Capital (then Centerline Capital/ Hunt Capital).
  • Cre Capital Llc
    Co-Founder
    Cre Capital Llc 2003 - 2004
    Los Angeles, California, United States
    Founder of this PE backed CRE lending firm that targeted mid-market lending with loan sizes of $5-$50mm. Loans were securitized in a partnership with UBS Dillon Read. The company grew quickly threw partnerships with community banks on the west coast and was successfully sold to CharterMac (NYSE: CMC) in 2005 (which then became Centerline Capital).
  • Lehman Brothers
    Associate Director
    Lehman Brothers 2001 - 2004
    London, United Kingdom
    European Commercial Real Estate Finance and Securitization
  • Lehman Brothers Small Business Finance
    Treasury Manager/ Assistant Treasurer
    Lehman Brothers Small Business Finance 2000 - 2002
    -Responsible for structuring small balance commercial real estate and SBA securitizations-Led the accounting and treasury teams in the capital markets activities of the company and assisted with the Gain on Sale accounting and reporting-modeled and updated all of the companies small balance securitizations monthly and quarterly for reporting-assisted with the integration of ongoing servicing data into the securitization and accounting models and led a quality assurance effort with respect to the servicing of the securitized and balance sheet loan portfolio
  • Finova Capital Corporation
    V.P Of Capital Markets
    Finova Capital Corporation 1997 - 2000
    - hedging interest rate risk during the warehousing period prior to securitization- wrote and maintained a number of policies related to the origination, hedging, and securitization of Commercial Mortage Backed Securities-assisted the origination team with capital markets reports, pricing, and information on competitors- built out a whole loan trading desk and trained a jr staff member to assist in trades
  • Belgravia Capital
    Analyst
    Belgravia Capital 1995 - 1997
    -supported the origination team with initial underwriting and loan sizing- graduated to complete credit analysis and presenting loans for approval to internal and partner credit committees

Nik Chillar Skills

Portfolio Management Loans Cmbs Financial Structuring Finance Commercial Real Estate Securitization Real Estate Economics Real Estate Real Estate Development Investments Capital Markets Investment Banking Structured Finance Investors Commercial Mortgages Disposition Valuation Mortgage Lending Private Equity Financial Modeling Due Diligence Alternative Investments Loan Origination Real Estate Financing Asset Management Financial Analysis Venture Capital Acquisitions Mezzanine Asset Managment Brokerage Capital Entrepreneurship Securities Mergers And Acquisitions Leveraged Finance Equities Funding Investment Properties Financial Advisory Investor Relations Loan Servicing Leases Private Placements Joint Ventures Real Estate Private Equity Corporate Finance Commercial Lending Commercial Mortgage Backed Security

Nik Chillar Education Details

Frequently Asked Questions about Nik Chillar

What company does Nik Chillar work for?

Nik Chillar works for Activ Capital Strategies

What is Nik Chillar's role at the current company?

Nik Chillar's current role is President and Founder.

What is Nik Chillar's email address?

Nik Chillar's email address is nc****@****ank.com

What schools did Nik Chillar attend?

Nik Chillar attended Uc Irvine, Uc Irvine, Flintridge Preparatory School.

What are some of Nik Chillar's interests?

Nik Chillar has interest in Kayaking, Skiing, Technology, Snowboarding, Photography, Mountain Biking, Tennis.

What skills is Nik Chillar known for?

Nik Chillar has skills like Portfolio Management, Loans, Cmbs, Financial Structuring, Finance, Commercial Real Estate, Securitization, Real Estate Economics, Real Estate, Real Estate Development, Investments, Capital Markets.

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