After many years as a successful real estate lending executive in South Florida, Jay Jacob took the leap as an entrepreneur to form Davie-based Community Capital Holdings.
With deep experience and expertise in the local real estate financing market, along with inspiration and peer support from Entrepreneurs’ Organization, the world’s leading network of business owners, Jacob has led Community Capital to rapid growth in the region’s dynamic real estate industry and expanding overall economy.
Community Capital exceeded more than $100,000,000 in outstanding loans in 2022 with major deals in the works for 2023. Since its founding in 2017, the company has funded more than $285 million in Florida real estate investments.
Recently, Community Capital arranged the loan for a client for a $23.75 million retail center purchase in Lauderdale Lakes.
The company provides a range of private equity “hard money” financing including bridge loans, construction loans, “fix and flip” financing and more. Being focused, well-funded and more nimble than traditional lenders is key to the company’s success.
“In the real estate industry, the fast fish eats the slow fish,” Jacob says.
Prior to founding Community Capital, Jacob served as the chief lending officer of a local Community Bank and Market Executive for a $3 billion bank, overseeing the commercial real estate lending, corporate lending, private banking and commercial portfolio management groups for the institution.
The bank was a sponsor and Strategic Alliance Partner (SAP) of EO’s South Florida Chapter (EO SOFLO) for several years, and Jacob was introduced to the group’s member network and entrepreneurial mindset.
“EO SOFLO helped me see that if you are going to bet big,” Jacob says, “Bet big on yourself.”
So, he launched Community Capital and became an EO SOFLO member himself. For the past three years, he has served on the organization’s board, leading its SAP activities he once enjoyed as a sponsor.
“I’ve had the privilege of not only serving alongside Jay on the EO SOFLO board, but also working with his firm on my most recent business venture,” said Jason Silver, founder of CTI Consulting. “Jay is a team player, a consummate professional and just an all-around great person. We can always count on him to step up when needed and we are lucky to have him as part of our EO team.”
EO SOFLO is one of the world’s largest EO chapters, with 300 business owners who share peer-to-peer experiences, support one another and foster entrepreneurship, innovation and economic development throughout Miami-Dade, Broward and Palm Beach counties. EO SOFLO member companies account for more than $1 billion in yearly revenues and 11,000 jobs in this region.
“South Florida is special place for entrepreneurship because of support systems like EO, business-friendly tax laws, our famous warm weather and vibrant lifestyle that attracts wealth from around the world,” Jacob says. “All of these factors fuel exciting business and economic growth.”
For more information on Community Capital Holdings, go to www.comcapholdings.com.
For details on EO SOFLO, visit www.eosoflo.com.