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…
Avatar Commercial Mortgage Lending Competitive Capabilities
Avatar loans $5.8M for out-of-town quartet
US Hotel Active Lenders: CBRE Brokers $72 Million for Postcard Inn Acquisition
3650 REIT Refinances Thompson in San Antonio; and More A joint venture of The LCP Group and Safanad recently acquired The Postcard Inn St. Pete Beach, Florida. (CoStar) By Sean McCracken Hotel News NowMarch 24, 2022 | 5:18 AM(Corrected on March 24 to amend the loan specifics in the fourth…
Clear Height Properties, Blackbird Investment Group Sell 56,500 SF Industrial Building in Suburban Chicago
The partnership completed improvements to the property prior to the sale. ELK GROVE VILLAGE, ILL. — A joint venture between Clear Height Properties and Blackbird Investment Group has sold a 56,500-square-foot industrial building located at 1400 Greenleaf Ave. in the Chicago suburb of Elk Grove Village. The sales price was…
Verivest discusses Avatar’s REIT investment strategy with President TR Hazelrigg IV
Avatar Co-Founder and President TR Hazelrigg IV sat down with Verivest to discuss Avatar’s founding as a lender specializing in commercial real estate bridge loans. Hazelrigg explains Avatar’s investment strategy and launch of its mortgage REIT offering a diversified portfolio of commercial properties to investors.
Plano office park lands $30 million in funding for upgrades
A Seattle lender is providing $30 million in financing to upgrade a three-building Plano office park. The bridge loan from Avatar Financial Group will be used to repair and improve City-View Corporate Center on West 15th Street near U.S. Highway 75 and provide capital for build-out of office space. The…
Understanding Investment Risk: Where Are You in the Capital Stack?
In 2021, Avatar Financial Group launched a new commercial mortgage fund to provide accredited individuals the opportunity to invest in a pool of loans across a variety of commercial real estate asset types. In just seven months since inception, Avatar raised $50 million. Mortgage REITs, like Avatar’s, may uniquely position…
How to Invest in CRE Via REIT Funds
In 2022, investors and lenders looking for opportunities — and risk mitigation—have more options than ever. Evolving regulations means an evolved investment landscape, with institutional players and an emerging trend of high-net worth individuals driving investment across the financial sector. Another factor driving investors towards alternatives is the difficult dynamic…
Finding a Place at the Investment Table
Real estate investment trusts can help those with commercial mortgage debt needs New options for commercial real estate investors continue to emerge. The average person is now able to participate in opportunities that previously required large amounts of capital, and thus were only available to institutional investors and high net…
Buyers Circle Adaptable Properties as Industrial Demand Increases
Avatar Financial Group recently provided $15.6 million in combined acquisition and property improvement financing for three assets in Texas and Utah. The properties include a Holiday Inn Express in the Houston metro area, an industrial warehouse in Dallas and a storage facility in the Salt Lake City metro. “Avatar identified…
