Avatar Financial Group recently provided $15.6 million in combined acquisition and property improvement financing for three assets in Texas and Utah. The properties include a Holiday Inn Express in the Houston metro area, an industrial warehouse in Dallas and a storage facility in the Salt Lake City metro. “Avatar identified…

In today’s conversation, we sit down with Jerry Zevenbergen and TR Hazelrigg, co-founders of Seattle-based Avatar Financial. As CEO and President, Jerry and TR, respectively, run an organization focused on bridge lending across the commercial real estate spectrum, and they give us a sense of where the industry is today and…

Avatar Financial Group creates a Commercial Mortgage Fund with a REIT Structure Avatar Financial Group announced the recent creation of a new commercial mortgage fund with a REIT structure. The minimum investment, via private placement offerings, is $100,000. Firm co-founder and president T.R. Hazelrigg IV said in a statement, “In the past, investors have…

Commercial Hospitality Loan in Niagara Falls, NY Niagara Falls, NY Avatar Financial Group provided financing to fund a complete refurbishment and repositioning of a 58-room hotel. The $4.7 million loan will allow the sponsor to finish the project just in time for the kickoff of the tourist season. “Avatar identified this…

Impact of COVID-19 on CRE Lending While COVID has impacted the commercial real estate world in many ways, perhaps none is more profound than in the lending sector. Connect recently chatted with T.R. Hazelrigg IV, president and cofounder of nationwide direct lender Avatar Financial Group, to get insights into just…