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…