Well Capitalized for 2024 and Beyond
Avatar Financial Group LLC. Your fast, reliable hard money bridge lender.
Since 2003, Avatar Financial Group LLC (Avatar) has offered flexible solutions for nonconforming income-producing real estate to borrowers who may not meet bank standards and need to obtain financing fast. Challenging times call for experts who can meet market needs in all conditions. Avatar provides certainty to borrowers looking to streamline the financing process for commercial real estate while avoiding many of the regulatory constraints that large banks and institutional lenders are now facing.
Interested in learning more about our commercial bridge loan program? Let’s get started. Tell us a few things to begin the process:
Recent Loan Transactions
Kauai Inn - $9 MM
Boutique Hotel
Lihie, HI
Loan-to-Value: 51%
Term: 18 Months
Bellfort Plaza Apartments - $6.5MM
Multifamily Community
Houston, TX
Loan-to-Value: 60%
Term: 2 Years
The Club at Treasure Island - $4.8 MM
Mixed-Use Property
Treasure Island, FL
Loan-to-Value: 57%
Term: 18 Months
Quality Inn and Suites - $3.43 MM
Lodging Property
Houma, LA
Loan-to-Value: 65%
Term: 1 Year
Single-Family Residence - $5 MM
For-Sale Residential Home
Water Mill, NY
Loan-to-Value: 37%
Term: 1 Year
COMMERCIAL HARD MONEY
RATES + TERMS
Purpose
Acquisitions and Refinances
Loan Sizes
$1 Million to $35+ Million
PROPERTY TYPES
Multifamily, Industrial (flex or warehouse), Hospitality, Retail, Self-Storage, Office, Mixed-Use, Mobile Home Parks, Single Family Residences, Gas Stations and Special Use Assets
ACCEPTABLE MARKETS
Nationwide (excluding NV) in urban/suburban markets with population of 50,000+
LOAN TERMS
6 months to 2 years
TIMING
2–3-week closings
FUTURE FUNDING FACILITIES
Renovation Reserves, TI/LCs, PIPs, and Interest Reserves
CASH-OUTS
Acceptable on strong deals
RATES
10.99% to 12.99%
LENDER FEES
2% to 3%
MAXIMUM LOAN TO VALUE
70%
MAXIMUM LOAN TO PURCHASE PRICE
70%
YIELD MAINTENANCE
Negotiable
RECOURSE
Typically Required
LIEN POSITION
1st Position
MINIMUM PERSONAL FICO SCORE
650
Avatar Financial Group | Who We Are
Avatar Financial Group was founded in 2003 and provides real estate bridge loans for borrowers with capital needs that don't conform to traditional lending timelines. A leader in commercial hard money bridge loans, the firm offers solutions for nonconforming, income-producing real estate nationwide (excluding NV). Since its inception, Avatar has followed a client-first approach, consistently emphasizing smart capital deployment and preservation. Principals of Avatar have completed more than $1 billion in bridge loan funding collectively. While the current market has created a lack of credit availability for real estate investors and small business owners, Avatar is positioned to meet the market's needs and expand its portfolio of loans in the $1-million to $35-million+ range without the regulatory constraints that large banks and institutional lenders are now facing. In 2021, the company introduced Avatar Commercial Mortgage REIT LLC, a mortgage fund with a REIT structure that benefits investors .
Jerry Zevenbergen | CEO & Co-Founder
Prior to founding Avatar in 2003, Jerry was CEO of a private lending company where he facilitated the expansion of lending activities from the local market to a national platform and doubled the portfolio to nearly $200 million. He was previously a Partner at Moss Adams, a West Coast CPA and business advisory firm. At Avatar, Jerry manages loan origination and underwriting, including oversight of loan servicing, banking relationships, accounting and budgeting.
T.R. Hazelrigg, IV | President & Co-Founder
With over 25 years in the structured finance industry, T.R. has built a nationwide network of real estate brokers, appraisers, mortgage brokers, investors and even competitors that provide Avatar with consistent, high-quality loan volume. T.R. is instrumental in raising both institutional and family office capital for the company. In addition, his responsibilities include loan origination and credit analysis as well as structuring Avatar’s national debt strategies.
