Ruby Capital

Since its founding in 2015, Ruby Capital has been providing creative financing and investment solutions for high-quality real estate projects across Israel, earning a strong reputation for expertise, reliability, and swift execution. The company’s leadership team brings extensive experience in both Israeli and global real estate markets, combining strong insight with a broad network of connections.

Backed by a stable and diversified capital base, Ruby Capital continues to drive significant growth. To date, the company has raised and managed tens of billions of shekels from major investors, including leading financial institutions, with approximately NIS 20 billion in active credit facilities supporting the development of over 10,000 residential units in more than 30 municipalities across Israel.

RUBY CAPITAL – GROUP OVERVIEW

Ruby Capital provides developers with customized financing solutions and high-quality service, while at the same time maintaining a disciplined focus on financial stability and investor value. Every project is supported by advanced risk management tools for maximum downside protection. The company’s partners invest significant personal capital in every project, reflecting their full alignment with client success.

Operating with a global business mindset, Ruby Capital is guided by a long-term vision and a strong belief in the power of the Israeli market. Each investment is approached with a sense of responsibility, entrepreneurship, and Zionism, contributing to the country’s ongoing development.

RUBY FINANCE

Ruby Capital’s credit division includes comprehensive project financing with institutional partners, purchase-group financing, and developer financing packages.

Comprehensive Construction Loans with Institutional Partners

Ruby Finance offers tailored end-to-end solutions including senior debt, landowner loans in combination deals, Sales Law insurance, and required guarantees. To provide these guarantees, the company collaborates with Israel’s leading insurance providers. Focusing primarily on urban renewal and land combination projects, Ruby Finance also offers solutions to legal and ownership challenges that commonly arise during these projects.

Financing Solutions for Purchase Groups and Private Landowners

Ruby Purchase Groups provides tailored financing for purchasing groups and private landowners, offering effective solutions to address the unique complexities of these structures. A dedicated team oversees the process end-to-end, using advanced management tools and working closely with group organizers and members throughout.

Services include:

• Comprehensive project financing backed by first-degree mortgages

• Flexible repayment schedules to match group needs

• Rapid underwriting in line with bank-level standards

• Personalized support for organizers and members

Projects range from small-scale developments to hundreds of units, across Israel. With disciplined underwriting, fast execution, and advanced risk assessment, Ruby Purchase Group has become a leading player in this segment, driving groundbreaking projects.

Select projects:

• Florentin Square, Tel Aviv
• Hatzlachat Yechezkel, Rishon LeZion (Elef District)
• Psagot Ayala, Rosh HaAyin

Various Financing Packages for Developers

A full range of financing solutions is geared to support developers at every stage, including equity top-ups, bridge loans, pre-permit funding, and loans backed by project surpluses.

RUBY EQUITY

Ruby Capital’s equity division, through its Sapphire Funds, provides flexible equity solutions that help developers expand and diversify while maintaining financial stability.

Sapphire Funds by Ruby Equity

Ruby Capital’s Sapphire Funds provide mid-sized and large developers with advanced equity solutions, combining capital from leading institutional and private investors. Acting as a financial partner, Ruby Sapphire tailors its approach to each project, using creative profit-sharing structures that enable efficient capital use without diluting ownership.

The fund’s unique business model promotes effective project execution, risk diversification, and long-term financial stability. Focused on residential and urban renewal projects -- areas, in which Ruby Capital has extensive expertise -- Sapphire Funds help developers scale and pursue multiple projects simultaneously while maintaining business stability and a healthy financial footing.

LEADERSHIP TEAM

Ilan Rubinstein, Chairman and Founding Partner: Ilan held senior management roles at several real estate development firms with a focus on Manhattan and the greater New York area. He has been a partner in dozens of transactions totaling billions of U.S. dollars, including acquisition, financing, development, leasing, and asset management.

Gerson Schapiro, CEO and Founding Partner: Gerson founded an international metals trading company with offices throughout Europe, Asia, Africa, and the Middle East, also serving as the company’s CEO. During his tenure, he led the company to growth and commercial success. At the height of its operations the company reached an annual sales turnover of about USD 500 million. He also served in senior positions at various Israeli high-tech companies and played a central role in steering several of them towards successful exits.

Andrew Mestel, Founding Partner: Andrew has extensive experience in global trade, financing, and marketing of commodities and raw materials. He also has a track record of founding new businesses and consistently leading them to growth and commercial success. Andrew has been involved in the acquisition, finance, debt syndication, and management of real estate projects in Israel and the United States.

Yaakov Nitzan, CEO and Partner: Yaakov brings over 25 years of experience in economics and real estate. At Harel Insurance, he built and led a financial support platform managing thousands of housing units and oversaw the firm’s non-traded real estate credit activity, with assets totaling billions of shekels. He also held senior roles in Israel’s financial sector, including heading the real estate divisions at Bank Otsar Ha-Hayal and the Mizrahi Group.

Omer Alpern, Partner: Omer is an expert in project finance and complex real estate asset financing. He partnered in and led numerous debt and equity fundraising processes for real estate, infrastructure, and energy ventures in Israel and abroad, totaling billions of shekels. At Ruby Capital, he is responsible for business development and for shaping the firm’s strategic and financial direction.