Cranson Capital
cc cono reit website banner.png

Findev Inc.


TORONTO, November 29, 2016 – Cranson Capital Securities Inc. (“Cranson Capital”) is pleased to announce the successful completion of a $13, 851, 214 capital raise for Findev Inc.( “Findev”), a publicly traded real estate financing company based in Toronto. Cranson Capital was the lead agent for the raise which was completed in two closings, with the help of 76 accredited investors. A total of 23,085,358 subscriptions receipts were issued at a price of $0.60 each, Plazacorp being the largest shareholder and the strategic partner.

Plazacorp originally proposed the change of business of Transgaming Inc., a company focused on the digital distribution of games for Smart TVs, next generation set-top boxes and over-the-top devices, to Findev, a real estate financing company. Plazacorp saw the opportunity of creating a vehicle using their vast expertise to assist developers in their projects while taking advantage of Toronto’s appreciating real estate market. Findev will provide financing for real estate developments where management identifies unique circumstances to generate above average returns. Plazacorp has a tremendous track record in identifying attractive and profitable real estate which affords Findev the ability to finance challenging real estate projects that traditional lenders avoid.

As planned, Findev has successfully provided financing for two Plazacorp projects: Musee - King Adelaide West and 50 at Wellesley Station, and will continue to source additional investment opportunities.

“Toronto’s housing market is experiencing a major supply shortage while demand continues to increase,” says Devon Cranson, Founder and President at Cranson Capital. “We believe it is an opportune time to invest in Toronto’s real estate market, and investing in Findev alongside an experienced developer like Plazacorp gives investors the opportunity for long-term value creation while having continuous liquidity,” he added.


About Plaza

Plaza is one of Toronto’s most experienced residential condominium construction and development organizations with over 10,000 condominium suites either already completed or under construction. Since 1981, the Plaza philosophy of providing a high level of standard quality in every condominium built has made its name synonymous with lasting value. Plaza was among the first condominium developers and builders in Toronto to include such finishes as granite counters and floors, marble bathroom counters and floors, halogen lighting, under-mount sinks, porcelain tile, engineered hardwood floors and stainless steel appliances as standard features rather than costly upgrades. Plaza developments can be found in many of Toronto’s most desirable urban neighbourhoods including Yorkville, North Toronto, King West, Queen West, Lawrence Park, Liberty Village, St. Lawrence Market, Harbourfront, and Mt. Pleasant Village.

About Cranson Capital

Cranson Capital is a boutique investment banking firm which focuses on providing financial and advisory services to small to medium sized growth businesses. The business consists of two divisions; Cranson Capital Securities and Cranson Capital Solutions, both of which offer unique services to support our investors and entrepreneurs. Cranson Capital Securities is an Exempt Market Dealer that specializes in raising capital through private placements in real estate, growth companies and financial services. Cranson Capital Solutions is a corporate finance advisory firm which focuses on finding the right financing solutions for our entrepreneurs.