A Boutique Real Estate Capital Bank - FACT...
Transcript of A Boutique Real Estate Capital Bank - FACT...
Firm Capital Corporation 163 Cartwright Avenue Toronto, ON M6A 1V5
T: (416) 635-0221 F: (416) 635-1713
www.FirmCapital.com
FACT SHEET
March 2020
CORPORATE PROFILE
• For over 30 years Firm Capital has provided the financialstrength, security and innovation needed for this industrywith commitments, excluding our equity real estateinvestments, that were in excess of $739 million in 2019.
• Mortgage Assets Under Management totalingapproximately $1,127 million as of March 31, 2020.
• Focused on all major geographical markets in Canada withan emphasis on Toronto, Ottawa, Southwestern Ontario,Montreal and British Columbia.
• Actively managed investment strategies intended toenhance returns, reduce risks and allow Firm Capital to takeadvantage of investments in illiquid markets, specializedstructured finance and real estate merchant bankingoperations.
• Principal Philosophy: Preservation of Capital andDisciplined Investing.
KEY FACTS
COMMITTED MORTGAGE TRANSACTIONS ASSETS UNDER MANAGEMENT
200
400
600
800
1,000
2014 2015 2016 2017
$ Millions
FINANCIAL HIGHLIGHTS (MM’S/YEAR END #’S) 2014 2015 2016
UNDERWRITING COMMITMENTS $768 $793 $735
ASSETS UNDER MANAGEMENT $870 $970 $1,036
RETURN ON EQUITYFirm Capital Mortgage Investment Corporation
9.34% 10.18%
Boutique Mortgage Lenders ®
200
400
600
800
1,000
2014 2015 2016 2017
$ Millions
8.87%
20182018
2017
$1,000
$1,333
8.09%
2018
$731
$1,300
9.18%
2019 2019
2019
9.09%
$1,016
$739
Firm Capital Corporation (“Firm Capital”) a non-bank lender since 1988 provides residential and commercial construction, bridge and conventional real estate financing, including providing term, mezzanine and equity capital investments for real estate projects.
Administrating a $1,127 million portfolio, Firm Capital is the Mortgage Banker for various capital pools, including: the Toronto Stock Exchange listed Firm Capital Mortgage Investment Corporation (TSX:FC) with a market capitalization of $290 million and six listed Convertible Debentures totaling $142 million; and Firm Capital Mortgage Investors Corp., an RSP mortgage fund in operation since 1994. In addition to completing a number of new joint venture capital partnerships, Firm Capital completed over $739 million of mortgage financing commitments in 2019, and $122.8 million YTD 2020.
Over 30 Years of Building Relationships
ELI DADOUCH
President & CEO
FIRM CAPITAL LENDING TEAM
Where Mortgage Deals Get Done®
Experienced management team with significant industry expertise and aligned interests
MICHAEL CARRAGHER
VP, Mortgage Investments
JONATHAN MAIR
SVP & CFO
FORREST TODD
VP, Mortgage Banking
SANDY POKLAR
COO
MICHAEL WARNER
SVP, Mortgage Lending
JONATHAN NEUHOF
AVP, Real Estate Capital Group
VICTORIA GRANOVSKI
VP, Mortgage Operations,
Credit & Equity Capital
ALICIA DOUCETTE
Senior Finance Associate
ROBERTO D'ABATE
Managing Director,
Quebec
TREVOR DOHRING
Senior Finance Associate
J. JUSTIN KOWAL
Senior Manager,Mortgage Origination
LUCAS WRIGHT
Manager, Business Development
CORY HIMMEL
Finance Associate
AKIVA ARONSON Managing Director,
Mortgages & Private Capital
2019 SELECTED TRANSACTIONS
JACQUELINE SMOLYAR
Finance Associate
Firm Capital Corporation 163 Cartwright Avenue Toronto, ON M6A 1V5
T: (416) 635-0221 F: (416) 635-1713
www.FirmCapital.com
FIRST MORTGAGE
20 storey rental building
with 370 units
OSHAWA, ON
INVENTORY LOAN
FIRST MORTGAGE
$10
6 Custom Homes -New Construction
LAND & CONSTRUCTION LOAN
$ 08 0FIRST MORTGAGE
41 storey mixed-use condominium building with 112 luxury residential units
TORONTO, ON
INVENTORY LOAN
$28,000,000FIRST MORTGAGE
73 residential
condominium units
TORONTO & MISSISSAUGA, ON
FIRST MORTGAGE
915
4 detached single family homes
OAKVILLE, ON
CONSTRUCTION LOAN
$95SECOND MORTGAGE
2 detached single family custom homes
TORONTO
CONSTRUCTION LOAN
20 000,000SECOND MORTGAGE
100 semi-detached units
MARKHAM, ON
FIRST MORTGAGE
LOAN
$1,5
6,015 sq. ft. custom home
RICHMOND HILL
FIRST MORTGAGE
2.4 acre residential development site
TORONTO
LAND FINANCING
$10 8
PURPOSE BUILT RENTALCONSTRUCTION LOAN
$99 24
PRIVATE PLACEMENT
Corporate FinanceInvestment
JULY 2019
INFILL CONSTRUCTION LOAN
$3 85
FIRST MORTGAGE
2 luxury semi-detached units comprising 2,760 sq. ft. each
FOREST HILL,TORONTO, ON
SUBORDINATED CONVERTIBLEDEBENTURE
$20 0FIRST MORTGAGE
6,000 sq. ft. detached single family house
TORONTO, ON
LOAN
4 125
FIRST MORTGAGE
75,400 sq. ft. mixed-use industrial/office building
MONTREAL, QC
SECOND MORTGAGE
8 semi-detached units and 1 single family house
BRIDGE LOAN
$3 6
BRIDGE LOAN
$12,0SECOND MORTGAGE
66 residential building lots
STOUFFVILLE
BRIDGE LOAN
$4,750,000