Open To Close: Navigating The Commercial Real Estate Loan Process Borrowers, lenders, and their counsel rely on a loan closing checklist to keep track of documents that must be examined or prepared to finalize and close a commercial mortgage loan. This does not have to be a daunting or intimidating…
4 Steps To Facilitate A CRE Loan Closing Process
Analysis: The Fed’s Slowdown Provides Breathing Room to a Market That Needs It
The Federal Reserve’s 25-basis-point increase in the federal funds rate on Wednesday was widely expected; now the question is where the Fed—and the market—goes from here. Among commercial real estate economists and finance experts, the consensus calls for some much-needed breathing room amid a tight lending environment that is likely…
Seattle’s Avatar Provides $9M Loan for Utah Ski Mansion
Image Courtesy of Engel & Völkers International Real Estate Seattle-based Avatar Financial Group has provided an $8.75 million bridge loan to custom home builder Iluminus Group to complete the construction of a 17,500-square-foot ski mansion in Park City, UT. The property, currently being resold for a listing price of $50…
Hotel Construction Soaring, Making Up for Lost Time
As featured in GlobeSt.com January 24, 2023 Projects scheduled to start construction in the next 12 months are up 14%. By Paul Bergeron | January 24, 2023 All stages of hotel construction in the US experienced positive YOY growth through Q4, according to the most recent Construction Pipeline Trend Report…
Small Businesses Cope With An Historically Challenging Lending Environment
Small businesses are facing the toughest lending environment in decades as the recent Fed-initiated rate hike ripples through the economy. Over the previous 9 months, interest rates have risen by 4.25%. It is easy to forget that interest rates were at historic lows at the beginning of the year. For…
WMRE 2023 Outlook - Plan to Manage Uncertain Times
By Jerry Zevenbergen & T.R. Hazelrigg IV Commercial real estate investors will face some difficult days ahead and savvy lenders will need to apply the lessons learned through previous cycles of the credit crunch. Fifteen years ago, cheap credit and lax lending standards fueled a housing bubble that set off…
As featured in the WMRE 2022 Midyear Outlook, Taking Stock of Commercial Mortgage Lending Conditions
COMMERCIAL REAL ESTATE investors often seek a bridge loan if they are unable to obtain a conventional loan from a bank. These short-term solutions provided by alternative lenders are used for a variety of reasons property rehabilitation and improvement, construction completion, or using the cash toward the purchase of another…
Avatar Group Financial ConnectCRE Top Mortgage Brokers & Lenders 2022 Awards
Avatar Financial Group has been included in Connect CRE Top Mortgage Brokers and Lenders 2022 Awards. The firm has closed $111 million in commercial mortgage bridge loans in 2021, and since its 2003 founding closed over $1B total. These awards recognize industry professionals who have demonstrated the highest standards in…
Avatar Commercial Mortgage Lending Competitive Capabilities
Avatar loans $5.8M for out-of-town quartet
Local shop Avatar Financial Group announced its recent provision of bridge loans totaling $5.8 million for four out-of-town properties. The beneficiaries were two industrial buildings in Marietta, Georgia; a Days Inn by Wyndham hotel in Clinton, North Carolina; and the buyer of an industrial property near Chicago. Avatar’s T.R. Hazelrigg…
