ST. AUGUSTINE, FL-Scouting for a new market niche in Central and North Florida, Birmingham, AL-based Collateral Mortgage Capital has lured Karl D. Francetic from ARCS Commercial Mortgage Co. of Calabasis Hills, CA to head its new St. Augustine, FL office, 100 miles north of Downtown Orlando.

Francetic is expected to generate multifamily and commercial loan activity for the 100-year-old privately owned firm. He was vice president of ARCS Commercial Mortgage and ARCS’ No. 2 originator last year before shifting to Collateral where he is also a vice president.

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