Commercial Real Estate Development 
David Geifman - Partner
David Geifman is a Partner in First Equity and has had extensive experience in finance and banking for over 20 years. His role within First Equity is to advise on financing and structuring of real estate and other investments. He has also acted as an independent advisor for a Canadian investor group, involved in the sourcing, pricing and execution of nearly C$80 million face value of Canadian subordinate Commercial Mortgage Backed Securities “CMBS” pools, representing a combined face value of nearly C$2.7 billion. He is currently a Risk Management Specialist with the Federal Reserve Bank of Chicago focusing on market risk and capital adequacy. 
David was an Executive Director with JPMorgan Capital Corporation, a subsidiary of JPMorgan & Co. Mr. Geifman was a portfolio manager of a $1.2 billion subordinate CMBS portfolio which invested in US and Canadian CMBS, B-notes and mezzanine debt as well as direct real estate funds. The group was one of the first investors in CMBS beginning in the mid 1990’s with First Chicago and issued two re-REMIC transactions under the MACH-ONE platform. Mr. Geifman ran the group’s profitable execution of a $2 billion CMBS relative value investment strategy as well as the development, management and execution of the portfolio’s $2.8 billion credit default swap and CMBX portfolio hedging activity. Most recently, Mr. Geifman successfully wound down the group’s $800 million non-investment grade CMBS portfolio during the current market dislocation.
During his tenure at JPMorgan and successor companies, Mr. Geifman was President of One Mortgage Partners, a $3 billion captive insurance subsidiary of JPMorgan and one of the largest members of the Federal Home Loan Bank of Chicago. Mr. Geifman was key member of the team that developed and executed the purchase and securitization of nearly $1 billion in conforming residential whole loans as part of a proprietary wholesale mortgage financing program. Prior to that, Mr. Geifman was Head of Risk Management for Banc One Capital Corporation, a $4 billion proprietary investment group. His responsibilities included the development of tools and processes for portfolio optimization, performance reporting, pricing model enhancement, efficient capital utilization, asset / liability risk management, asset allocation and efficient frontier modeling, independent price validation and portfolio performance benchmarking.
Mr. Geifman was a Vice President in First Chicago NBD’s Venture Capital Group where he was the primary strategist in identifying, analyzing and executing an options hedging strategy for publicly-traded equity exposures in First Chicago’s $1 billion venture capital portfolio. Mr. Geifman also performed due diligence with fund principals and made fund and equity investment recommendations to the investment committee. Mr. Geifman began his career with the First National Bank of Chicago as an internal auditor focusing on the derivative trading products of the bank.
David got his start in the family business visiting the family's grocery stores with his father and grandfather on the weekends.
David graduated Phi Beta Kappa from the University of Illinois, majoring in Finance and Political Science and earned a Masters of Business Administration from the University of Chicago.
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