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Avatar Provides Financing for Luxury Beachfront Residences

News

Avatar Financial Group LLC has provided $12 million in financing for a pair of luxury beachfront residences in Manhattan Beach. The two-year bridge loan represents a combined loan-to-value of 35%. The debt is secured by 2020 The Strand, a 5,328-square-foot asset with seven bedrooms and eight bathrooms, and 2016 Ocean Dr., a…

Avatar Financial set to expand bridge lending platform

Featured / News

Avatar Financial Group is set to significantly expand its bridge lending platform, recognizing the growing opportunities within real estate debt. To support this expansion, the firm emphasizes the importance of educating its investor base about the potential and benefits of investing in real estate debt instruments. By providing comprehensive insights…

Private Debt Emerging as CRE’s Funding Hero

Main / News

Lenders’ ability to extend and pretend is being tested as the Fed keeps interest rates higher for longer. That’s cementing direct lenders’ position in the ever-evolving financing arena. For several quarters now, the commercial real estate sector has been grappling with the repercussions of persistently high interest rates. Higher-for-longer interest…

Avatar Announces Two SoCal Hires

News

Avatar Financial Group is based here in Seattle, and has offices in cities including Los Angeles. There, Alex Cruz and George Warf will join the firm, as it recently announced. Both the two industry veterans will continue their work in loan origination. Avatar president T.R. Hazelrigg IV said in a…

Avatar Hires Caldwell to Head Originations

Main / News

National lender Avatar Financial Group this week hired Richard Caldwell as director of originations to further boost its lending and underwriting capabilities. Caldwell will be based in Northern California and focus on originating and underwriting commercial real estate loans, business development and expanding Avatar's national platform. Caldwell joined the firm…

Avatar Financial’s T.R. Hazelrigg IV on the Higher-for-Longer Scenario

News

In the realm of commercial real estate financing, much has changed over the past year in some respects, while in other respects the current environment is largely the same as it was 12 months ago. Connect CRE in March of 2023 quoted T.R. Hazelrigg IV, president and co-founder of Avatar…

5.8 million dollar loan for 14 acre Dundee Hills resort

$5.8MM Bridge Loan Secured for 14-Acre Dundee Hills Resort

News

Dundee, OR-March 21, 2024-Avatar Financial Group LLC ("Avatar"), a Seattle, WA-based national hard money bridge lender for commercial real estate, provided a $5.8-million bridge loan for the Dundee Hills Resort in Dundee, OR. The borrower used the funds to retire a maturing construction loan on the newly completed property, situated…

Avatar Financial Group LLC provides $4.8 million in financing for The Club at Treasure Island

News

Avatar Financial Group LLC (“Avatar”), a Seattle, WA-based national hard money bridge lender for commercial real estate, provided a $4.8 million bridge loan for The Club at Treasure Island. The borrower used the funds to acquire the waterfront tennis and yacht club. Read Full Article

2024 Rainmakers in CRE Debt, Equity & Finance

News

As a general statement, we believe that anyone able to carve out a successful year in 2023 is deserving of recognition. We don’t need to hear the specific numbers; suffice it to say that transactions were half the number they typically are and those deals that did make it across…

Capital Markets: The Rearview Mirror and the Road Ahead

News

Last year’s capital markets volatility considerably slowed both development and investment. In this first article of a four-part series, Connect CRE asked experts to provide clarity about what happened in 2023 and their 2024 forecasts. In the coming weeks, additional topics will focus on what projects lenders are more likely…