Small businesses are facing the toughest lending environment in decades as the recent Fed-initiated rate hike ripples through the economy. Over the previous 9 months, interest rates have risen by 4.25%. It is easy to forget that interest rates were at historic lows at the beginning of the year. For…

COMMERCIAL REAL ESTATE investors often seek a bridge loan if they are unable to obtain a conventional loan from a bank. These short-term solutions provided by alternative lenders are used for a variety of reasons property rehabilitation and improvement, construction completion, or using the cash toward the purchase of another…

Avatar Financial Group has been included in Connect CRE Top Mortgage Brokers and Lenders 2022 Awards. The firm has closed $111 million in commercial mortgage bridge loans in 2021, and since its 2003 founding closed over $1B total. These awards recognize industry professionals who have demonstrated the highest standards in…

Local shop Avatar Financial Group announced its recent provision of bridge loans totaling $5.8 million for four out-of-town properties. The beneficiaries were two industrial buildings in Marietta, Georgia; a Days Inn by Wyndham hotel in Clinton, North Carolina; and the buyer of an industrial property near Chicago. Avatar’s T.R. Hazelrigg…

3650 REIT Refinances Thompson in San Antonio; and More A joint venture of The LCP Group and  Safanad recently acquired The Postcard Inn St. Pete Beach, Florida. (CoStar) By Sean McCracken Hotel News Now March 24, 2022 | 5:18 AM(Corrected on March 24 to amend the loan specifics in the…

The partnership completed improvements to the property prior to the sale. ELK GROVE VILLAGE, ILL. — A joint venture between Clear Height Properties and Blackbird Investment Group has sold a 56,500-square-foot industrial building located at 1400 Greenleaf Ave. in the Chicago suburb of Elk Grove Village. The sales price was…