David Glazer, 28

David Glazer first set foot in the offices of Dwight Capital in 2015. Almost 10 years later, he’s still there, and Dwight has been “in a constant state of growth” since.

Dwight and its affiliate real estate investment trust, Dwight Mortgage Trust, with offices in New York and Sunny Isles Beach, Fla., started out initially to help fulfill the commercial real estate market’s insatiable need for borrowed capital, especially in the multifamily space. Glazer’s role was to facilitate the movement of capital from Dwight’s investors to developers, private equity companies and high-net-worth individuals eager to profit from the demand for funds to make multifamily development happen.

Its market is “people who built their lives in commercial real estate who are looking to buy or build or renovate multi-family product,” Glazer said. The typical project size is 250 units or more, and the average deal is $35 million, he said. The loans tend to be sold off to large banks.

Notable deals he’s helped execute include a $108 million bridge loan for The Shoreline, a newly constructed apartment complex in Brooklyn, and a $100 million bridge loan to take out existing construction debt on 224 West 124th Street in Harlem. All in, Glazer has closed more than $3 billion in multi-
family loans, and expanded the company’s REIT product offerings to include loans for value-add, lease-up, construction and pre-certificate of occupancy projects.

“Most of what I am doing day to day is overseeing the multifamily operations,” he said of his working life now. “Everything from deal screening to underwriting to closing transactions to asset management, [monitoring] capital markets, fundraising around those loans too.”

He was also responsible for facilitating the sale of more than $10 billion of Government National Mortgage Association — commonly known as Ginnie Mae — product, originated by Dwight Capital.