Company highlights strengthened team with new developments
The Nesto Group, a prominent Canadian entity in mortgage technology and financing, is significantly expanding its commercial mortgage operations in Quebec, spearheaded by its acquisition, CMLS. This strategic move includes the establishment of a new office in Quebec City and a bolstered presence in Montreal, aimed at providing enhanced services to commercial real estate borrowers across the province.
The initiative introduces a team of 10 industry specialists, led by Charles-André Roy and Charles-Benoît Parent, both recognized figures in investment banking and capital markets with over a decade of experience each. Their arrival is expected to strengthen Nesto Group’s position as a preferred partner for commercial real estate financing in Quebec, offering strategic advice, innovative solutions, and localized expertise.
A news release highlighted that this expansion follows Nesto Group’s acquisition of CMLS in June 2024. The Nesto Group, supported by notable investors including Diagram Ventures, Portage, NA Venture Capital, IGM Financial Inc., BMO Capital Partners Inc., Fonds de solidarité FTQ, and Fondaction, is reinforcing its leadership in Quebec’s commercial mortgage landscape.
“This addition goes beyond simply expanding our leadership – it underscores our strategic alignment and our commitment to delivering tailored solutions to Quebec borrowers,” stated Malik Yacoubi, co-founder and CEO of the Nesto Group. He further noted the “obvious choice” in partnering with Roy and Parent, highlighting their “outstanding reputation” and the group’s intent to “strengthen our leadership right here at home in Quebec.”
The collaboration is seen as a unique blend of technology, relationships, and capital amidst increasing consolidation within the Canadian financing market. The group aims to shape the future of commercial real estate financing, creating lasting value for both borrowers and investors.
Roy commented on the local need for capital. “Quebec needs capital that is rooted in the local reality,” he said, adding that the team is “already working on new, innovative solutions designed for Quebec borrowers.”
Charles-Benoît Parent highlighted the benefits CMLS gains from the Nesto Group acquisition. “With the acquisition by the Nesto Group, CMLS now benefits from a robust ecosystem, new sources of capital, and cutting-edge technologies,” Parent explained.
The Nesto Group oversees over $70 billion in residential and commercial mortgages and operates through its core entities: nesto, CMLS, and Intellifi.
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