Ruby Finance

Debt Financing for Residential Development in Israel

Comprehensive construction financing and a full range of debt solutions for developers and purchase groups, in partnership with Israel's leading banks and financial institutions.

Ruby Finance supports developers and purchase groups across the life of a project, with debt solutions tailored to each transaction. We finance residential projects of all kinds, but our expertise shows most clearly where there is ownership or legal complexity: urban renewal, combination deals, and private owner groups building for themselves. Those transactions need a lender who understands not only the numbers, but also the rights structure, the agreements with rights holders, and the permitting timetable.

  • 230+

    projects financed

  • 35

    billion NIS
    billion in managed credit facilities

  • 15,000+

    housing units

  • 30+

    municipalities
Figures reflect company activity as of March 2026. US dollar equivalents converted at USD/ILS 3.07.

For Investors

Credit investments have a defined term and yield a contractual return. They are typically secured against the project as well as by personal and corporate guarantees, and they rank ahead of the developer’s equity.

At Ruby Finance, loans clear two credit committees, our own and our institutional funding partner’s. We invest our own capital alongside our investors, who receive quarterly reports and track their positions through our investor portal.

Security, Oversight and Compliance

Ruby Capital Group companies are supervised by the Capital Market, Insurance and Savings Authority. Construction financing is provided by Ruby Construction Financing Ltd., which holds a credit license. We underwrite every loan to bank-grade standards.

Our construction loans are senior and secured against the project. All project capital runs through a dedicated account used for that project alone, and we release funds only after the inspecting engineer has verified progress on site.

Buyers are protected by policies issued under Israel’s Sale Law. Suppliers, subcontractors, and authorities are protected by performance guarantees from the developer and the contractor. Our insurance partners issue both the Sale Law policies and the performance guarantees.

מפה
  • Kiryat Shmona
  • Haifa
  • Tiberias
  • Afula
  • Beit She'an
  • Hadera
  • Netanya
  • Tel Aviv and Gush Dan
  • Ness Ziona
  • Ashdod
  • Jerusalem
  • Beit Shemesh
  • Ashkelon
  • Dimona
  • Mitzpe Ramon
  • Eilat

Our Debt Sub-Divisions

  • Ruby Construction Financing

    Tailored financing for residential development projects, from pre-permit to completion.

  • Ruby Purchase Groups

    Custom financing for purchase and private ownership groups, buyer collectives that develop a project jointly, delivered by a dedicated team with hands-on support across the project life cycle.

Ruby Finance Management Team

Ruby Finance Management Team »

  • Yaakov Nitzan

    CEO and Partner
    Yaakov brings over 30 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.

  • Hagit Naftali

    V.P Finance, Operations & IT
    Hagit brings over 20 years of management experience across finance, real estate, operations, and information systems, gained throughout her career at Bank Igud. Hagit specializes in managing large-scale, complex operations in the fields of credit and real estate finance, combining operational stability with technological innovation.

  • Mickey Berger

    V.P Head of Project Finance
    Mickey Berger has over 25 years of banking and finance experience. He held multiple roles at Bank Hapoalim, both in Israel and in the United States, focusing on real estate financing, risk management and credit financing. Berger holds a bachelor’s degree in Economics and Business Administration from Bar Ilan University, a Master’s degree in Business Administration from Tel Aviv University. He is also a licensed investment consultant.

  • Yuval Rodrig

    V.P Business Development
    Yuval Rodrig brings with him rich experience in both the equity and debt field. Prior to joining Ruby Capital, he worked in KPMG’s finance department and then in the finance and investment banking department at Giza-Singer-Even. As part of his experience, he has accompanied a large number of significant transactions in various fields – real estate, hotels, medical, technology and finance. Yuval, an accountant by education, holds a bachelor’s degree in accounting and economics and a master’s degree in business administration (MBA), both from Tel Aviv University.

  • Gadi Horn

    CFO
    Gadi Horn has extensive experience in senior management roles. Prior to joining Ruby Capital, Gadi served as the CFO of DHL Express Israel. Previously, he served as CFO of Alon Blue Square, and as Deputy CEO and CFO of Hachsharat Hayishuv Hotels. Gadi holds a Bachelor’s degree in Economics and Business Administration, a Master’s degree in Business Economics from Bar Ilan University, and is a Certified Public Accountant.

  • Zeev Bienenstock

    VP Legal Counsel & Head of the Legal Department
    Zeev Binenstock leads the company’s legal advisory activities and heads the Legal Department. Prior to joining Ruby Capital, he managed the Legal Advisory Department for the Corporate Division at Discount Bank and practiced law at Gornitzky & Co. Zeev has extensive experience in complex financing transactions and in corporate and commercial law. He holds an LL.B. in Law and an MBA with a specialization in Finance from Bar-Ilan University, and is a member of the Israel Bar Association.

Financial Partners >

Selected Clients >

Selected Projects >

  • Simtat HaShuk

    Tel Aviv

  • Tzir HaHinuch

    Hod Hasharon

  • Florentin

    Tel Aviv

  • Derech Beit Lehem

    Jerusalem

  • Shefer

    Tel Aviv

  • Levi Eshkol

    Ra’anana

  • Yesod HaMa’ala

    Tel Aviv

  • Jaffa

    Jerusalem

  • Katzin

    Ra’anana

  • HaMeyasdim

    Kfar Saba

  • Ramat Shlomo

    Jerusalem

  • Ir Hayayin

    Ashkelon

  • Elyashiv

    Netanya

  • Nordau

    Tel Aviv

  • Kehilat Kishinev

    Tel Aviv

  • Almogim

    Yavne

  • Rotshtein

    Petah Tikva

  • HaElef Complex

    Rishon Lezion

  • Psagot Ayala

    Rosh HaAyin

  • Blend

    Hod Hasharon

  • Optoshu Complex

    Tel Aviv

  • Klei Shir

    Ma’ale Adumim

  • J Urban, Ramat Shlomo

    Jerusalem

  • Bimat Tel Hai

    Kiryat Shmona

  • Ramat Verber

    Petah Tikva

  • Gallipoli, Yad Eliyahu

    Tel Aviv
All Projects

News and Updates >

  • Hachshara Urban Renewal Secures NIS 1.2 Billion in Financing for Kiryat Yam Project

    Finance
    August 26
    The financing facility, provided by Ruby Capital together with Shlomo Insurance and Ayalon Insurance, will support the construction of 478 residential units in the first two phases of the “Ir Galim” project. Of the total facility, NIS 240 million will be provided as credit, with the remainder allocated to guarantees. To date, 98 apartments have […]
    Read more >>
View All Updates >>