In today’s conversation, we sit down with Jerry Zevenbergen and TR Hazelrigg, co-founders of Seattle-based Avatar Financial Group LLC. As CEO and President, Jerry and TR, respectively, run an organization focused on bridge lending across the commercial real estate spectrum, and they give us a sense of where the industry is…
Podcast: Jerry Zevenbergen (CEO) & TR Hazelrigg (President), Co-Founders of Avatar Financial
Puget Sound Daily Journal of Commerce REIT Fund Launched
Avatar Financial Group LLC (Avatar) creates a Commercial Mortgage Fund with a REIT Structure Avatar Financial Group LLC announced the recent creation of a new commercial mortgage fund with a REIT structure. The minimum investment, via private placement offerings, is $100,000. Firm co-founder and president T.R. Hazelrigg IV said in a statement, “In the…
Vacation Hot Spot Chelan County Limits Short-Term Rentals
Following months of tension between long-term residents and rental owners near sought-after tourist spots east of the Cascades, new regulations will soon limit the number of rentals listed on sites like Airbnb in Chelan County. In a win for those currently renting out vacation homes, though, most will be allowed…
Nonbank Lenders Are Dominating the Mortgage Market
Nonbank Lenders are Outpacing Traditional Banks Americans took out more mortgages than ever before in 2020. Most of them didn’t come from banks. Nonbank mortgage lenders in the U.S. issued 68.1% of all mortgages originated in 2020, up from 58.9% in 2019, according to industry research firm Inside Mortgage Finance.…
A look at nonbank loans and the alternative lending industry business model in 2022
All About Nonbank and Alternative Lending in 2022 Nonbanks and alternative lending institutions are making their way into the banking industry – posing a major threat to incumbent banks. Alt lenders' ability to utilize technology and provide efficient and effective lending services to underserved businesses and individuals is allowing them to penetrate…
Avatar Financial Group LLC funds $4.7 million loan for Niagara Falls hotel development project
Commercial Hospitality Loan in Niagara Falls, NY Niagara Falls, NY Avatar Financial Group LLC (Avatar) provided financing to fund a complete refurbishment and repositioning of a 58-room hotel. The $4.7 million loan will allow the sponsor to finish the project just in time for the kickoff of the tourist season. “Avatar…
Market Dislocation: COVID-19 Impacts on CRE Lending
Impact of COVID-19 on CRE Lending While COVID has impacted the commercial real estate industry in many ways, perhaps none is more profound than in the lending sector. Connect Media recently chatted with T.R. Hazelrigg IV, president and cofounder of nationwide direct lender Avatar Financial Group LLC, to get insights…
Despite Market Disruption, Abundant Capital Options Remain
Avatar Financial Launches New Commercial Mortgage Fund
