Get to know AccelFunding
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AccelFunding
Learn more about who we are and what we do
Accelfunding and its affiliates have extensive experience in structuring real estate based investor transactions for more than 25 years. They have raised equity in excess of $1.5 billion for various financial activities and funds since 1996. The principals also have had direct experience in the affordable housing industry for more than 25 years.
Chris Clarke
Principal
Chris Clarke
Principal
Mr. Clarke has 26 years of real estate/tax advantage investment experience including 14 years as an Acquisition Banker for Low Income Housing Tax Credit (LIHTC) transactions. Mr. Clarke has originated and closed approximately $1.5 billion in equity transactions since 1996. He was a principal in the Carlsbad, CA acquisition office for Richman California Affordable Housing LLC for six years. Prior to joining Richman, he was a Senior Vice President/Managing Director for KeyBank, Key Housing Capital Group, in Cleveland, Ohio and Carlsbad, California. His primary responsibilities included: Origination of deals, underwriting, real estate evaluation, financial structuring, due diligence and negotiations/closing of partnership agreements.
Mr. Clarke established Clarke Investments, LLC in August 2009 to focus on acquiring projects for a newly established passive loss program. Mr. Clarke has acquired and closed on 31 Limited Partnership interests into said passive loss program. He acted as the manager for the Investor Limited Partner entity in 25 of these transactions and currently asset manages all 31 limited partnerships for the Investor Member.
Mr. Clarke remains active in placing equity on LIHTC transactions, In addition Mr. Clarke has acted as a development consultant for several deals in the US mainland and territories. His duties include developing proforma projections, negotiating debt and equity transactions and assisting in the selection of the development team. He is currently working on the development of a $60 million project in Saipan. He assembled the development team closed on the 1st phase and is in the process of closing on the equity for the 2nd phase of the transaction. This will be Mr. Clarke’s 14th project in the territories and he is very familiar with the construction challenges that the territories face.
Clarke Investments is a partner in five LIHTC/Bond transactions totaling 548 units. Clarke Investments identified the five transactions and helped assemble the development team together with his Co- GP partners. Clarke Investments identified the debt and equity for these transactions and together with his partners assisted with the closing of these transactions.
Mr. Clarke has a Bachelors Degree in Business Management from the University of Massachusetts and a Masters Degree in Finance/Corporate Communications from Fairfield University.
Mr. Clarke established Clarke Investments, LLC in August 2009 to focus on acquiring projects for a newly established passive loss program. Mr. Clarke has acquired and closed on 31 Limited Partnership interests into said passive loss program. He acted as the manager for the Investor Limited Partner entity in 25 of these transactions and currently asset manages all 31 limited partnerships for the Investor Member.
Mr. Clarke remains active in placing equity on LIHTC transactions, In addition Mr. Clarke has acted as a development consultant for several deals in the US mainland and territories. His duties include developing proforma projections, negotiating debt and equity transactions and assisting in the selection of the development team. He is currently working on the development of a $60 million project in Saipan. He assembled the development team closed on the 1st phase and is in the process of closing on the equity for the 2nd phase of the transaction. This will be Mr. Clarke’s 14th project in the territories and he is very familiar with the construction challenges that the territories face.
Clarke Investments is a partner in five LIHTC/Bond transactions totaling 548 units. Clarke Investments identified the five transactions and helped assemble the development team together with his Co- GP partners. Clarke Investments identified the debt and equity for these transactions and together with his partners assisted with the closing of these transactions.
Mr. Clarke has a Bachelors Degree in Business Management from the University of Massachusetts and a Masters Degree in Finance/Corporate Communications from Fairfield University.
Brian Dror
Investor CPA
Brian Dror
Investor CPA
Brian is the managing partner of the accounting firm Barak Richter & Dror, as well the managing member of the RCB Equities group of investing companies. Barak Richter & Dror (BRD) is the continuation of the firm Barak and Richter which has been serving the Los Angeles community since its inception in 1956. BRD specializes in real estate taxation, estate planning and income tax minimization.
Brian was born and raised in Los Angeles, where he and his wife Tabitha have raised six children, been involved in Los Angeles Jewish education for over 25 years, and started two high schools. He currently serves on numerous school boards and was recently appointed to the board of the Simon Wiesenthal Center in Los Angeles.
Brian is also the Treasurer of a local Private Foundation which provides for various and widespread social and educational programs.
Brian was born and raised in Los Angeles, where he and his wife Tabitha have raised six children, been involved in Los Angeles Jewish education for over 25 years, and started two high schools. He currently serves on numerous school boards and was recently appointed to the board of the Simon Wiesenthal Center in Los Angeles.
Brian is also the Treasurer of a local Private Foundation which provides for various and widespread social and educational programs.
Jason Hobson
Outside Counsel
Jason Hobson
Outside Counsel
David Rubin
Originator
David Rubin
Originator
Since 2009, David Rubin has been heavily involved in all aspects of Affordable Housing related finance, including as a financial investor or advisor on behalf of other capital providers, utilizing his extensive finance and development background to create innovative financial structures and complex strategies for new construction and acquisition rehabilitation activities David worked with the lead sponsor and developer on five new construction modular tax credit developments, totaling 400 units – The first was placed in service placed in July 2020. The remaining 4 will be placed in service in 2022.
Additionally David worked with the lead developer and sponsor of 5 acquisition/rehab deals totaling 547 units. These developments were financed with tax exempt bonds and 4% tax credits. All five are placed in service. David worked with private lenders who deployed over $125 million in pre-development and bridge loans utilizing both taxable and tax-exempt facilities to Low Income Housing Developers and nonprofits for resyndication and preservation of low-income housing, in exchange for an interest carry and a share of the developer fee. David has worked closely with developers to finalize (i) construction / permanent financing, (ii) subordinate debt, and (iii) LIHTC equity, as well as to stabilize operations for future preservation.
David partnered with high-net worth individuals who deployed capital to acquire limited partnership interests related to family and senior projects, representing over 1,500 units with total development costs close to $300 million. These limited partnership interests were acquired to utilize the tax benefits from the project/partnerships that received grants under the tax credit exchange program per section 1602 of the American Recovery and Reinvestment Act.
Additionally David worked with the lead developer and sponsor of 5 acquisition/rehab deals totaling 547 units. These developments were financed with tax exempt bonds and 4% tax credits. All five are placed in service. David worked with private lenders who deployed over $125 million in pre-development and bridge loans utilizing both taxable and tax-exempt facilities to Low Income Housing Developers and nonprofits for resyndication and preservation of low-income housing, in exchange for an interest carry and a share of the developer fee. David has worked closely with developers to finalize (i) construction / permanent financing, (ii) subordinate debt, and (iii) LIHTC equity, as well as to stabilize operations for future preservation.
David partnered with high-net worth individuals who deployed capital to acquire limited partnership interests related to family and senior projects, representing over 1,500 units with total development costs close to $300 million. These limited partnership interests were acquired to utilize the tax benefits from the project/partnerships that received grants under the tax credit exchange program per section 1602 of the American Recovery and Reinvestment Act.
David Lastname
CEO
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