THE FIRST SOURCE
The First Source Advisory Committee, composed of highly experience real estate operators and investors, meet with management on a monthly basis to share their views on mortgage investment opportunities, the Fund’s portfolio construction and market outlook.
Advisory Committee members represent or are themselves significant investors in the Fund. The below current members will be joined by 2-3 additional members in the coming months:
Meet our Highly Experienced Advisors
Our professionals have substantial real estate and finance expertise including debt structuring, financing of development and re-development projects, legal and project viability analysis. We are based in Toronto and most of our lending is in the Greater Toronto Area.
Mr. Ogniewicz is the founder of Torbel Group, a Toronto developer and builder. Since 1997, Torbel has developed over 1000 residential units in the GTA including Avanti and Diva condominiums in North York and Wallace Walk in Toronto. In the 4 years prior to founding Torbel, Mr. Ogniewicz resided in Israel where he built approximately 300 mid-rise residential units. From 1987 to 1992, Mr. Ogniewicz built approximately 500 low-rise residential units in the GTA.
Mr. Ogniewicz holds a BA and MA in Mechanical Engineering from the University of Waterloo and a Ph.D in Mechanical Engineering from University in California, Berkeley.
Mr. Weeman is the President of Velos Capital, a holding company of alternative lending businesses including Westboro Mortgage Investment Corp. and First Source. Mr. Weeman has twenty years of experience in finance, most recently as a principal at Kensington Capital Partners, Ltd., a Toronto-based alternative asset manager. Prior thereto, Mr. Weeman was an equity analyst on the $1 billion long/short equity Biltmore Fund at RWC Partners, Ltd., in London, UK. Prior to RWC, Mr. Weeman was an analyst for the Consumer Goods Equity Research team at J. P. Morgan in London, UK and an equity trader at Merrill Lynch and Citigroup in New York.
Mr. Weeman holds a BA from Middlebury College and an MBA from the Johnson Graduate School of Business at Cornell University.