New capabilities include support for complex deals across Canada and the US
Canadian real estate technology and title insurance company FCT announced today it has expanded its services to handle massive, multi-location, cross-border commercial property transactions exceeding $1 billion.
This builds upon FCT's two decades of experience facilitating such deals and leverages its growing collaboration with First American Title Insurance Company, the biggest subsidiary of FCT's US-based parent company, First American Financial Corporation.
FCT said the partnership enables the firms to navigate the complexities of large-scale international real estate deals with greater efficiency.
"Given our deep expertise in closing and insuring large, complex commercial real estate transactions in Canada and First American Title’s US capabilities, FCT is uniquely positioned to help facilitate and close the most intricate and ambitious transactions," Michael LeBlanc, CEO of FCT, said in a media release announcing the expansion. "Our team’s unwavering dedication to providing top-tier service empowers our customers to navigate multifaceted international transactions with confidence."
Joe Ghilardi, president of First American Title’s national commercial services division, emphasized the advantage of FCT’s local expertise in Canada. FCT and First American Title recently supported a $1.3 billion multi-location cross-border industrial real estate purchase by a US entity.
"FCT’s local, Canadian experts provide an advantage to our customers when they’re looking at a cross-border transaction, helping deliver smooth closings," said Ghilardi. "Given we’re sister organizations under the same parent company, our customers also benefit from the natural synergies and added efficiency we’re able to bring to their cross-border deals."
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Ontario-headquartered FCT employs over 1,200 people across Canada. The company provides title insurance, default solutions, and various real estate-related products and services to a wide range of clients, including approximately 450 lenders, 43,000 legal professionals, and 5,000 recovery professionals, as well as real estate agents, mortgage brokers, and builders nationwide.
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