TORONTO – (COMMERCIAL THREAD) – Commercial real estate brokerage and investment company based in Toronto, Franc & Cie, announces three new hires to the team to help meet the increased demand for its services. The company is expected to continue to develop its offerings and evolve in the new year after closing a dozen deals totaling more than $ 90 million in the five months since its launch last July, and $ 135 million. additional funds are expected to be funded over the next few months.
More recently, Franc & Co secured financing for a $ 12 million acquisition for an industrial asset in Scarborough, Ontario. The company facilitated this transaction from origination to financing in 12 business days, an exceptional achievement in the industry. The Scarborough Project Development Team intends to create value on the asset by utilizing existing zoning and rebuilding commercial and industrial condominiums.
“With the continued interest in industrial assets in the Greater Toronto Area and across North America, we are seeing more opportunities in the small bay sector, catering to end users and requiring co-ownership. industrial units for sale to both end users and investors who lease to small businesses, ”says Francesco Margani, Principal Broker and Founder of Franc & Co.“ The industrial sector in the GTA has seen significant growth this year with 12-month absorption levels up 65% from the five-year annual average, ”adds Margani.
Franc & Co seeks to continue growing its production volume in 2022 across several asset classes. The company has set itself an ambitious goal of improving its offering to clients with additional equity for commercial real estate loans. With access to multiple sources of capital across the country, the company is positioned to create customized solutions for asset owners and developers to meet their individual financing needs.
Expanding the capabilities of the business as the market demand for tailored and timely capital solutions increases, experienced mortgage professionals David Gwilliams, Jay Brennan and James Tobias have joined the team at Frank & Co with over 50 years of industry experience to leverage the company’s ability to deliver tailored strategic financial solutions to clients on a broader platform.
Associate Director of Franc & Co, Gwilliams brings to the company more than a decade of expertise in underwriting and management of commercial real estate with a strong specialization in development and construction financing. Prior to his current role, Gwilliams was an advisor to one of the largest independent mortgage finance companies in Canada with over $ 140 billion in assets under management.
Tobias and Brennan join the firm as senior advisor and commercial mortgage broker respectively. Tobias was previously a senior manager of one of the largest privately held mortgage finance companies in Canada, where his wide range of real estate lending and relationship experience provided construction loans ranging from $ 1 million to $ 350 million. of dollars. Tobias specializes in underwriting and lending all residential land, servicing, construction and inventory debt, in addition to loan syndication.
As a former banker and mortgage broker at a national brokerage firm, Brennan built his experience around residential and commercial mortgages, specializing in finding private debt for investors and borrowers. Brennan brings a wealth of knowledge and experience in borrowing and mortgage lending to the company.
“David, Jay and James are welcome additions to our dynamic and growing team. With their vast experience in the industry, their inclusion represents an exciting step as we enter a new phase of growth allowing Franc & Co to increase the scale of our offerings with a focus on the bespoke quality of our services, ”said Margani.
For more information on Franc & Co, visit francandco.com
About Franc & Co
Franc & Co is a commercial real estate and investment brokerage firm specializing in tailor-made debt and equity financing solutions for a wide range of industry players, including developers, lenders and investors. With decades of experience, Franc & Co’s seasoned team of real estate capital experts bring in-depth knowledge and financial expertise to every transaction. The firm is focused on building and maintaining long-term relationships by maximizing value and realizing market potential for its diverse clients. For more information visit francandco.com