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 Hires Caldwell to Head Originations
Avatar Financial’s T.R. Hazelrigg IV on the Higher-for-Longer Scenario
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…
$5.8MM Bridge Loan Secured for 14-Acre Dundee Hills Resort
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
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
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
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…
Avatar Financial Provides Bridge Loan for 460-Room Hilton-Branded Hotel in Pittsburgh
Seattle-based Avatar Financial Group has provided an $8.4 million bridge loan for the DoubleTree by Hilton Pittsburgh-Green Tree hotel on the city’s southwest side. The property consists of three buildings with a total of 460 rooms. Amenities include three food-and-beverage options, indoor and outdoor pools, a fitness center and 40,000…
Private Lenders: Proceed with Caution
As we enter 2024, much has been made of how private lenders currently have the market to themselves now that regulated lenders are on the sidelines shoring up their balance sheets. But what to make of it? We’ve not seen similar circumstances since the Great Recession—but the aftermath should serve…
Leading in Tough Times: T.R. Hazelrigg IV, President and Co-Founder, Avatar Financial Group LLC
Throughout the month of August, Connect CRE is running a series titled “Leading in Tough Times.” We’ve asked leaders around the U.S. and across the commercial real estate spectrum to share their wisdom and discuss lessons learned. In this installment, you’ll hear from Avatar Financial Group LLC’s President and Co-Founder,…
Can You Fill That Bank-Shaped Void in CRE?
Regional banking crisis blocks traditional financing channels but paves the way for non-bank lenders As seen on ConnectCRE Scroll down to listen to a discussion of this article: industry leaders providing further insight and a look forward on the rising importance of non-bank lenders in commercial real estate. Since May…
