- What Tommy No and Max Ripper are now the sole shareholders of Advantage Capital Group
- Why The industry pros bought out their partners
- What next They plan to significantly grow the debt brokerage side of the business
Tommy No and Max Ripper have become the sole shareholders of Advantage Capital Group, Green Street News can reveal.
No and Ripper bought out their partners at Advantage, with the purchase becoming official this month. Financial terms were not disclosed.
As the two acting principals, No and Ripper plan to grow the debt brokerage side of the business by hiring a range of experienced and reputable advisors while also building a support team of analysts and associates.
Ripper, previously vice president of real estate capital advisory and structured finance, is now a partner.
No was previously senior vice president of real estate capital advisory. He now takes on the position of partner.
“Our major difference is our ability to draw from both our private debt and private equity funds to assist and bolster our commercial brokerage business,” Ripper told Green Street News. “We can assist developers on all sides of the real estate capital stack. We’re there for the whole life cycle of the deal – and that’s what builds long-lasting relationships with our clients.”
Advantage Capital was founded in Vancouver in 2022, when No and Ripper joined forces to build out the capital advisory firm with their partners — principals at one of Canada’s largest commercial insurance advisories.
The two primary pillars of the business are conventional debt brokerage and private equity and lending.
Advantage has completed over 40 debt financing transactions, resulting in over $500m in conventional debt capital placed. For conventional debt, Advantage focuses on wood-frame residential construction and land facilities, in addition to large commercial term facilities.
For private equity and debt investment, Advantage has placed and oversees approximately $65m of equity investments and private first- and second-mortgage loans on behalf of a collection of family offices and ultra-high net worth investors.
