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 participated in Avatar originated loans on a loan-by-loan basis.” In the new vehicle, an…

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 hotel redevelopment project as an opportunity that…

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 how deep the impact has been,…

Four recent transactions showcase various opportunities to place capital despite the market dislocation caused by the pandemic, says Jerry Zevenbergen, CEO and co-founder of Avatar Financial Group. Avatar recently closed four financings totaling nearly $8 million for industrial and residential properties in three states. The loans were for an industrial…

Avatar Financial Group launched a new commercial mortgage fund with a REIT structure that delivers a streamlined experience to investors including a steady deployment of capital. The new fund, Avatar Commercial Mortgage REIT LLC, will raise money through an offering of membership interests, so investors will become equity owners in…

Seattle-based Avatar Financial Group, which specializes in commercial hard money bridge loans, recently added Mark Holman to the company’s expanding team. He will serve as a director based in Dallas. Holman’s responsibilities will be primarily focused on the underwriting, evaluation, analysis and due diligence processes associated with the loan origination…

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 hotel redevelopment project as an opportunity that…