Our Founding Vision

FERC’s foundation is built on family and experience. The company began in residential sales and construction before expanding into commercial development and management. When Detroit’s economy shifted, the business adapted, pivoting from renovating properties to financing them. As time passed, we brought in expertise in accounting, operations, and find solutions for those not helped by market offerings.

A Vision Built on Possibility

 

FERC began with a simple but powerful belief: real estate has the ability to transform communities and create lasting wealth. The founder, Don Calcaterra Sr., started his career in residential sales and construction, but his true passion emerged when he discovered the world of commercial development. He found it fascinating, challenging, and full of potential - an avenue where creativity and strategy could come together to shape something meaningful.

As market conditions shifted and the real estate landscape changed, he adapted. Rather than remain tied to traditional construction and sales, he moved the business toward lending and investment services. This shift allowed FERC to stay strong, resilient, and focused on helping others pursue their own financial goals.

The founding generation laid the groundwork with determination, flexibility, and an unwavering belief in the power of building something better.

     

    Carrying the Legacy Forward

     

    Don Calcaterra Jr. grew up inside the business: learning its rhythms, values, and challenges from childhood. With a background in public accounting and business operations, he brought new structure and fresh insight to the company while honoring the legacy passed down to him.

    His early experiences shaped his foundation:

    • walking through properties with his father

    • helping with office tasks from a young age

    • assisting with investor outreach

    • handling accounting, operations, and everyday responsibilities

    These moments created a deep understanding of every layer of the company. Today, his leadership is defined by a love of problem-solving, a drive to help others succeed, and a passion for finding solutions that move clients and communities forward. 

    A Future Rooted in Hope and Community Impact

    The vision for the future is grounded in purpose, optimism, and a commitment to strengthening communities. FERC aims to be a steady, reliable presence for individuals, families, and investors seeking clarity in a rapidly changing world. By focusing on responsible development and thoughtful investment, the company strives to create opportunities that bring stability and hope to the communities it serves.

    Don Jr. is deeply committed to education, both today and for the future, hoping to share all he has learned with those who will carry the work forward. His goal is to ensure that the knowledge, values, and experience gained over a lifetime continue to guide and support the next generation, strengthening communities for years to come.

    Above all, the future is about meaningful impact - impact that helps people navigate uncertainty, strengthens neighborhoods, and continues the legacy of hope and possibility that has defined FERC from the very beginning.

    Address

    First Equity Realty Corporation 27560 Groesbeck Hwy #2 Roseville, MI 48066

    Contact

    (313) 886-9400

    After hours: 313-497-3312

    solutions@fercmi.com

    Hours

    Office Mon-Fri: 8am-5pm

    After hours: By appointment

    Weekends: By appointment

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