Dave Gambaccini
Commercial real estate advisor
Dave Gambaccini is a Certified Commercial Investment Member and the senior advisor at Colliers Financial Services in Manchester, a commercial real estate brokerage firm and investment management company.
Explain your job.
I secure commercial loans for commercial real estate owners, investors and developers. I structure and underwrite loans … evaluate development or redevelopment budgets and … source loan proposals from multiple lenders at once, saving time and maximizing lending options for my clients.
How long have you had this job?
I [was previously] managing my own local firm, securing private equity and debt for commercial developments. I joined Colliers last year.
What led you to this career field and your current job?
I began investing in real estate in 2006, creating my own portfolio of properties. Eventually, it became a career. … I started on the brokerage side of the business … and moved into capital markets, helping [clients] to secure private investor money and lender debt.
What kind of education or training did you need?
I have earned the Certified Commercial Investment Member Designation … [which] represents proven expertise in financial, market, user, and investment analysis, as well as negotiations. … CCIMs complete a rigorous program of advanced coursework and training in financial and market analysis and demonstrate extensive experience in the commercial real estate industry. Less than 10 percent of commercial real estate professionals are CCIMs.
How has your job changed over the course of the pandemic?
When the pandemic really set in, real estate developments came to a screeching halt. There was too much uncertainty, which created less demand for private equity and debt. As Covid restrictions and market fluctuations stabilized … the demand for private equity started coming back; however, investor confidence was still low, which brought an increased demand for debt. Now, with the looming threat of increasing interest rates, we are … helping our clients secure cash out refinancing to take advantage of the low cost to borrow capital.
What do you wish you had known at the beginning of your career?
It took a while before I found my path. … I have a science degree [and] spent nearly 15 years in corporate America before turning personal investments into a career. … Finding industry mentors helped guide my path, and finding them sooner may have helped.
What do you wish other people knew about your job?
I secure purchase loans, refinancing, cash out refinancing, permanent and construction loans and even bridge or mezzanine loans. Working directly with a lender is common; however, I can source multiple lenders at the same time [so that] you are getting the most competitive offer from multiple sources.
What was the first job you ever had?
I started working for my father when I was 12 … [at his] landscape [and] construction company.
What is the best piece of work-related advice you have ever received?
Always conduct yourself as if your name is on the door. Who you are is more important than what you do. Your reputation and how you treat people and conduct business is what gets you through life.
Five favorites
Favorite book: Oh, the Places You’ll Go! by Dr. Seuss. The kids love it.
Favorite movie: Any Pixar movie — full of adult humor, yet kid-friendly.
Favorite music: All the music I grew up listening to while working with my dad — Dean Martin, Sinatra, Johnny Cash, Jerry Reed, outlaw country and, of course, ’90s hair bands.
Favorite food: Italian, specifically our authentic family recipes.
Favorite thing about NH: Easy access to mountains, lakes, beaches, oceans and my family in Massachusetts.
Featured photo: Dave Gambaccini. Courtesy photo.