NEW YORK, July 19, 2023 – BHI, a full-service commercial bank, announced that it has closed a $50 million capital call line of credit facility for Naftali Shaked Partners II LP (“NSP II”). The financing provides a one-year line of credit that the fund will deploy for ongoing acquisitions.

NSP II with leadership by Naftali Credit Partners is a real estate debt fund pursuing mezzanine debt originations, whole loan originations, and note purchase opportunities in transitional assets with a concentration on residential and mixed-use properties in major metropolitan markets like New York City and South Florida. Naftali Credit Partners – a subsidiary of Naftali Group – is the leading and privately held, global real estate development and investment firm run by CEO and Chairman Miki Naftali, focused on lending to a range of real estate properties including multifamily, office, retail, hospitality, and student housing.

“We appreciate the personal and professional approach of BHI in tailoring a capital call line that advances our business objectives,” said Glenn Grimaldi, Chief Executive Officer, Naftali Credit Partners. “There is a greater need now more than ever for private debt funds like Naftali Credit Partners and we look forward to continuing to support borrowers in buying, building, and refinancing their projects.”

“Drawing from a deep understanding of today’s competitive landscape, BHI maintains its status as a market expert in the capital call credit line sector,” said Gil Karni, Chief Executive Officer, BHI. “We value our collaborative client relationships with Real Estate Funds such as NSP II and are proud to offer an encompassing suite of real estate finance and corporate finance solutions that meet their unique and timely needs.”

About BHI

BHI, the U.S division of Bank Hapoalim, Israel's leading financial institution, provides commercial banking solutions to middle market clients in sectors including commercial real estate; general, domestic and Israeli C&I; private equity; food and beverage; apparel; healthcare; corporate banking; and high-tech.  In addition to its New York headquarters, the bank operates U.S. Representative Offices in Woodcliff Lake, New Jersey; Miami, Florida; and Los Angeles, California. For more information, visit www.bhiusa.com.

About Naftali Credit Partners

Naftali Credit Partners, a subsidiary of Naftali Group, is an alternative lender focused on transitional real estate assets. Naftali Credit Partners lends on projects requiring flexible capital in illiquid segments of the market that traditional banks are less likely to finance due to increased regulation, transaction complexity or execution requirements that are better suited for an integrated real estate firm. Naftali Credit Partners’ goal is to provide borrowers with a seamless and competitive execution while providing its investors with superior risk-adjusted returns and significant downside principal protection. Naftali Credit Partners primarily focuses on mezzanine debt, preferred equity and first mortgages on transitional properties in gateway U.S. markets. Visit: naftaligroup.com/naftali-credit-partners.