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Jack   Chimento
Principal
jchimento@palfi.net

John “Jack” Chimento is a principal at Palisades Financial. In this capacity, Mr. Chimento is responsible for leading the capital raising efforts and loan syndication at Palisades Financial.

Chimento, a longtime Wall Street executive and veteran of the fixed income markets, has over 20 years experience in the mortgage government and corporate debt markets working at Bear Stearns.

Prior to Wall Street Mr. Chimento worked for Ingersoll Rand and I.T.T. Federal Electric. He currently serves on the Board of Trustees of Saint Anthony’s high school in Jersey City,New Jersey and is board chair for Bergen Catholic High School in Oradell, New Jersey.

Mr. Chimento received his Bachelor’s degree in Accounting and his Master’s degree in Finance from IONA College. He, his wife and three daughters currently reside in Old Tappan, New Jersey.




 
Recent Transactions
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Palisades Financial acquired a 70% occupied 50,000 SF Class “A” office building with direct access to the George Washington Bridge for $6,800,000 . It is estimated that once stabilized at 90% occupancy, the net operating income (before debt service) can reach $560,000, resulting in returns of over 19%.