Finneo accelerates CRE financing sector’s move into digital age
Finneo founder Amar Nijjar says his firm is helping to take the commercial real estate financing industry out of the Excel spreadsheet era and into the modern era with its debt and transaction management software.
During the last two years, Finneo has facilitated more than $2 billion in financing for over 250 projects, 80 per cent of which are in Canada and the rest in the U.S., says Nijjar, the company’s CEO. Most of its financing deals are between $5 to $25 million.
“I saw that there were no real tools for me personally, from the companies that I was working with,” says Nijjar. “Technology has solved problems in other industries and I thought I could do the same for real estate.”
Prior to launching Finneo, Nijjar worked at CIBC, BMO and Royal Bank in real estate investment banking and corporate finance and started JLL’s Canadian debt capital markets business. He also founded R2 Companies, a Canadian online real estate marketplace.
Nijjar says he has worked on more than $15 billion in transactions. READ MORE >>