Avatar Financial Group LLC has closed on a $7.4-million bridge loan secured by a multi-parcel industrial asset in Ripon and a residential development site in Rocklin, outside Sacramento. The financing, structured with a two-year term, 43% combined LTV and initial interest rate of 11.50%, offers the borrower a strategic solution to…
Avatar Closes Bridge Loan on Ripon Industrial, Rocklin Parcel
Choice loan platform; big hire at Horwath; LATAM pipeline surging
Choice, Bridge partner on loan platform. Choice Hotels International is partnering with Charlotte-based Bridge to help provide new and existing Choice hotel owners access to affordable financing solutions. Choice franchisees will be able to submit a request for a commercial loan on the Bridge platform. Qualified borrowers will then have the…
Mixed-Use Boulder Project Lands Financing
The Williams Village II redevelopment will feature about 600 units, including homes for students at the University of Colorado at Boulder. The developers of a 10-acre, mixed-use redevelopment project that would bring some 600 units of housing to Boulder, Colo., including student housing, have received a $56 million loan from…
Avatar provides $14M in holiday swag
Based here in Seattle, Avatar Financial Group makes loans all around the region, and all around the county as well. The firm recently announced $14 million in bridge funding to the unnamed owner of a small retail portfolio. Those properties include a Dollar Tree in Milwaukee; a CVS in Montevallo, Alabama; and three Rite Aid stores in Hellertown,…
Avatar Financial Group Provides $14M for Multi-State Retail Portfolio
Avatar Financial Group, a Seattle-based national bridge lender specializing in commercial real estate, has closed on a $14-million bridge loan to refinance a portfolio of five retail assets spanning three states. Totaling 65,491 square feet, the properties are all under long-term, triple-net leases with established tenants and strong operational performance. The…
Avatar Provides Financing for Luxury Beachfront Residences
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
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
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
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
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…
