Thank you for sharing!

Your article was successfully shared with the contacts you provided.

(To read more on the debt and equity markets, click here.)

FLORHAM PARK, NJ-David M. Orbach has formed Gallant Funding LP, a private equity firm based here. The firm will operate as a direct lender with a focus on augmenting traditional loan structures, according to Orbach.The focus will be on serving new buyers and smaller niche borrowers, according to Orbach, who was formerly vice president, general counsel and a member of the board of NorCrown Bank. The latter institution was once primarily owned by Charles Kushner, who was required to divest of his bank holdings because of his legal problems. NorCrown was acquired earlier this year by Valley National Bank.

As far as Gallant Funding, “the current real estate market is strong, especially in New Jersey, and many new buyers are becoming active in the investment sales arena,” Orbach says. “We will offer short-term loan to complement traditional financing. Based on a set of criteria, traditional banks and lending institutions must adhere to strict regulations, which sometimes impose limits on borrowers who need to raise additional funding from outside sources.

“For example, a borrower may qualify for just 75% of conventional financing for a specific transaction,” Orbach says. “We can participate in funding a portion of the 25% balance to help close the gap with a structure that enables the borrower to remain in control without other partners involved.”

The firm will focus on lending for multifamily, office and retail properties in New Jersey, New York and eastern Pennsylvania. Its products will include bridge loans, mezz financing, equity partnership and other “unconventional funding vehicles,” according to Orbach. <p

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.