New York Weekly
New York Weekly
Christopher Naghibi: The Renaissance Real Estate Man
In an increasingly globalized world, specialization has gained primacy in almost every arena. Gone are the days of Bo Jackson in sports, where athletes didn’t have a primary sport but were elite in multiple. In the business world, there are entire sectors focused on a specific step in a process like posting to social media. The Renaissance ideal of being multifaceted seems archaic when compared to the modern value of a single deep specialization. Even in industries like Real Estate and Law which haven’t drastically changed in the past fifty years, businesses are trending towards increasing specialization.
Christopher M. Naghibi, founder and Chief Executive Officer of Black Crown Inc. has rejected specialization his entire life. With a Juris Doctorate from Trinity Law School, a Master of Business Administration from American Heritage University, two bachelor degrees, Naghibi is also a graduate of the Yale School of Management Global Executive Leadership Program. Why have one specialization when six could do?
Led by his passion and precocious curiosity, Naghibi has not only developed advanced knowledge in a multitude of fields through school but also gained valuable experience working for several different leading companies. Serving as the Executive Vice President and Chief Credit Officer of First Foundation Bank (NASDAQ: FFWM) he is responsible for measuring and managing the aggregate risk in the bank’s loans portfolio by overseeing the bank’s real estate, consumer and commercial credit, monitoring, underwriting, processing and collection policies, procedures, and processes ensuring appropriate mitigation of the risks inherent in the portfolio.
Naghibi credits his varied training in Law, Finance, and Real Estate with allowing him to excel in large volume institutional operations for First Foundation Bank. Working with so many different departments and areas of business, his developed understanding of the processes and problems associated with each allows him to not only make the best decisions but also better manage the complex institutional situations.
Naghibi’s strong credit skills and broad experience in multifamily, commercial and single-family residential real estate lending, private banking, consumer lending and both small business and middle-market lending were developed during his time with Impac Commercial Capital Corporation, U.S. Financial Services & Residential Realty, and First Fidelity Funding.
Wearing many hats, Christopher possesses a unique perspective in the arena of real estate along with a Renaissance-like skill set. This singularity led him to create Black Crown Inc., a relationship based real estate brokerage and law firm, which offers every service needed in-house. Owning the entire supply chain of services allows Black Crown Inc. to control the entire ecosystem of information involved in home sales and purchases, commercial and multifamily real estate brokerage for their celebrity and high-profile clients, protecting their privacy and anonymity.
Specializing in Los Angeles and Orange County, Black Crown Inc., protects clients’ investments and provides legal protection from a world that tries to find everything on public record.
A wide skill set and expertise allows Black Crown Inc. to consolidate every necessary service, because as a Yale alum, attorney, broker, and licensed general contractor, he understands and has worked in every department. This unique understanding also allows him to better manage his company as he knows the detailed processes and specific problems each department faces and how they integrate with others. Considering Black Crown’s completely singular offering, it’s no wonder they have $10 million in recovered costs for clients and in excess of $20 billion dollars in closed transactions.
This black swan of a real estate company is led by a black swan of a businessman in Christopher Naghibi, whose work is disrupting this modern notion of specialization is what truly sets him apart.