Clarity is discovered at elevation.

Borel Hill is an opportunistic commercial real estate investment firm that capitalizes on market inefficiencies to drive superior investor returns, while minimizing risks. Over the past two decades,we have consistently achieved above market returns by combining capital markets intelligence with a rigorous approach to drive sound investment decisions.

WHAT WE DO

Every deal matters.

We employ time tested methodologies to source opportunities and create value through our distinct value creation playbook. We take a selective approach to our investments, requiring each property to independently meet our standards. Our goal is to generate consistent returns and predictable, tax-efficient cash flow while minimizing volatility.
Founded In
2016
+35%
averaged IRR
$10B
commercial real estate
$4.3B
multi-family
150‍
PROPERTIES
average multiple exceeds
2X

OUR APPROACH

Do one thing and do it well.

With an unwavering commitment to excellence, tenacity, and patience, our approach forms the foundation of our success. We gain our competitive advantage from exceptional deal flow and insightful market intelligence, supported through strategic alliances and our seasoned team.
Coupled with our proven strategies, we execute transactions with institutional precision and manage assets to realize operational excellence. Our established methodology empowers us to navigate complex market conditions with confidence and clarity.
OUR PHILOSOPHY
We are in it for the long haul.
Our philosophy emphasizes a patient approach to investment, allowing us to uncover and seize unique opportunities that others may overlook. We believe that true wealth is cultivated through a deep understanding of the market and a commitment to long-term value. In an ever-changing economic landscape, we seek stability. 

Borel Hill’s current portfolio continues to demonstrate exceptional performance, boasting stable and growing cash flow. This strong performance provides us with the opportunity to focus solely on new acquisitions, free from the distractions of legacy challenges.

OUR TEAM

Mike Maffia

Managing Partner
Mike is a founding partner of Borel Hill with over $10 billion in commercial real estate transaction experience. He built and led a national investment platform, completing 1,500+ deals across 41 states. Mike later transitioned to principal investing, developing nearly $250 million in projects with IRRs exceeding 50%. He holds a B.A. in Economics and an M.S. in Applied Economics and Finance from UC Santa Cruz.

Dan McDonough

Managing Partner
Dan is a founding partner of Borel Hill and former SVP of Acquisitions at FPA Multifamily, where he led 100+ transactions totaling over $4B across major U.S. markets. A former U.S. Army Captain, Dan served three combat tours in Iraq and is a graduate of Ranger and Airborne School. His military experience shaped his disciplined, strategic approach to investing. He holds a B.A. from UCLA and an MBA from Northwestern’s Kellogg School.

Henry Cassiday

DIRECTOR, PORTFOLIO MANAGER
Henry Cassiday was a Director at Newmark, where he led, executed, and structured over $5 billion in debt and equity financing solutions for institutional clients nationwide. He began his career as an Analyst at Eastdil Secured in Los Angeles, underwriting and facilitating portfolio and asset-level transactions across investment sales, debt placement, and loan sales. He earned both his BBA and Master’s in Finance from USC, where he captained the men’s volleyball team and was a three-time All-American.
©2025 Borel Hill