FirstCity Financial Corporation is a commercial financial services company headquartered in Texas, providing commercial loan underwriting, asset management, and loan servicing to institutional clients and investors. FirstCity also provides specialized liquidity and credit solutions for lenders and borrowers. FirstCity has been in business for over 25 years, operating in various sectors of commercial credit. Its primary focus has been on the acquisition, origination and management of small-to-middle-market commercial loans secured by improved commercial real estate (‘CRE’) and/or commercial & industrial (‘C&I’) assets.
FirstCity, along with its joint venture partners have invested more than $5 billion in loan portfolios with principal balances in excess of $14 billion. FirstCity has a well-established, successful track record with sellers, lenders, and investors in the financial services industry. FirstCity currently employs approximately 150 professionals, with offices in Dallas and Waco.
This dedicated FirstCity real estate asset management team maximizes the value of real estate assets by improving leasing execution, properly positioning the asset in the marketplace, and careful management of repairs, maintenance, capital improvements, and tenant improvements. This group manages a wide variety of property types, including multifamily, hotels, office buildings, industrial properties, and other commercial real estate. FirstCity has considerable experience in major and tertiary markets across the United States. Seasoned asset managers utilize their expertise to identify opportunities that increase investment returns through selective value-add analysis and execution. We are positioned to manage both one-off investment properties, as well as portfolios of owned real estate.