Welcome to the official website of Francisco De Armas
With nearly 25 years of high-level experience in law, business and financial services industry, Francisco De Armas-Cubas has gained a reputation as a consummate finance professional. Mr. De Armas is the Managing member and co-founder of Caribbean Investment & Acquisitions Corporation and CIAC, LLC (CIAC), an asset management/commercial loan servicing firm that currently manages over $5 billion in assets. From his background in the legal profession to his work in managing underperforming both government and commercial loan portfolios, developing debt restructuring plans, identifying financing alternatives, and directly investing in selected opportunities through the private equity fund he co-founded, CIAC Consortium II LLC , Francisco De Armas has achieved vast experience in managing complex credit situations in atypical markets. Mr. De Armas currently lives and works in San Juan, Puerto Rico, where he has developed long-standing relationships with and a keen understanding of financial markets.
Education and Law Experience
Entrepreneurial Initiatives and Achievements
After working in the law field for several years, Francisco De Armas got the opportunity to join a family-owned business in Puerto Rico in 1999. He was appointed as senior vice president of the company; eventually, he was named President. Running a business was the crucial final step he needed before he forged his own business path, giving him the experience needed to manage diverse business demands.
In 2009, Francisco -cofounded CIAC. With over $5 billion of managed assets, including over $400 million in sub-performing commercial loans and real estate properties, CIAC is one of the leading asset management firms in Puerto Rico. Mr. De Armas specializes in distressed debt, creating debt restructuring plans that create efficient and profitable turnarounds for companies. As the current Principal and Managing Member of the firm, he is an active participant in the deal sourcing, underwriting, and resolution of the assets acquired and under management in CIAC.
In addition to CIAC, Mr. De Armas is the co-founder of CIAC Consortium II, LLC, a private equity fund that co-invests in selected purchases of assets CIAC manages The Fund focuses on loan portfolio acquisitions and its track record since inception has achieved, internal rates of return (IRR) that exceed 15%.
The Fund through its affiliate CIAC LLC manages government related loans. This latter aspect of the fund’s work is part of a restructuring agreement between a government entity and its bondholders to maximize, monetize and distribute the net value of assets. Francisco J. De Armas has maintained his law credentials; he remains a licensed attorney. He also achieved recognition as a certified public accountant (CPA). When he is not analyzing financial markets or creating restructuring plans, Mr. De Armas can be found contributing his time and talents as an active member since 2002 of the Young President’s Organization (YPO). YPO is a global leadership community of executives in over 130 countries.
Visit him on the links above or on his finance blog.