Avatar Financial Group

Avatar Financial Group, based in Seattle, is a direct lender specializing in commercial and multifamily bridge loans. Established in 2003, they offer loans from $500,000 to $25 million with quick closings, focusing on urban markets nationwide. Their services cater to various property types excluding owner-occupied homes.

Quick Closings for Investment Property Bridge Loans Nationwide

Direct Lender – We Are Not Brokers
Loan Amounts: $500,000 to $25 Million
Urban & Suburban Markets Nationwide (except Nevada)
Property Types: Commercial, Industrial, Multifamily, Retail, Hotels, Office
- Will consider high-end residential investment properties
No Owner-Occupied Homes
No Vacant Land
No Ground-Up Construction
Brokers Protected

Common Loan Scenarios

Lending in all US states except Nevada
LTV up to 70%
30% Cash Payment Required for Acquisitions
Purchase, Refinance, Value-Add
Will Consider Luxury Residential Property

Scenarios Not Considered

NO Land Loans
NO Ground-Up Construction
NO 100% Financing
NO Junior Liens

Details and Requirements

Property Geographic Area Details

Nationwide in urban/suburban markets with population of 50,000+ (excluding Nevada)

Loan Amounts

$500,000 to $25,000,000

Interest Rates

8.99% to 9.99%

Origination Fees

2% to 4%

Loan Terms

0 to 24 months

Lien Position

1st

Credit Check Required

yes

Minimum Credit Score Required

650

Prepayment Penalty

Typical Closing Time (Days)

Fastest Closing Time (Days)

Payment Structure

Interest Only
Amortized
Interest Reserve

Personal Guaranty (Recourse) Required

Sometimes
Negotiable for loan amounts over $5MM

Borrower Entity Types Considered

Individual(s)
LLC
Limited Partnership
Trust
Corporation
Non-Profit Corporation
Self-Directed IRA

Documentation Required

Credit Report
Financial Statements
Loan Application

Appraisal Required for Residential Property

Sometimes

Appraisal Required for Commercial Property

Sometimes

Broker Price Opinion (BPO) Accepted for Residential Property

Sometimes

Broker Price Opinion (BPO) Accepted for Commercial Property

Sometimes

Will Consider Collateralizing Multiple Properties in One Loan

yes

Will lend to a foreign national

yes

Will Allow Junior Position Mortgage(s) Behind Our Senior Mortgage

yes

Will Consider Equity Joint Venture

Collateral Types

Residential Property
Commercial Property
Commercial Property Ground Lease

Loan Purpose

Investment Acquisition
Investment Refinance
Improve Subject Property
Use Equity to Invest in Another Property
Invest in a Business
Business Working Capital
Value Add Project

Property Occupancy

Vacant
Tenant Occupied 100%
Owner Occupied Commercial

Additional Details

Loans secured by property in California will be brokered by Avatar Specialty Finance, Inc., CA DRE Broker License 02077503.

Avatar Financial Group’s Lending Activity

Data Provided By Elementix

12mo Loan Volume

$15,200,000

12mo Loan Count

Total Loan Volume

$547,761,159

Average Loan Size

$3,260,483

Loan Count by State (Past 12 Months)

TX: 1, CA: 1, FL: 1, NY: 1

Data provided by

| Disclaimer

Avatar Financial Group is a quick response commercial hard money lender. Founded in 2003, we provide real estate loans that don’t meet bank standards, and offer solutions for borrowers who don’t have time to wait. While the current market has created a lack of credit availability for real estate investors and small business owners, we are positioned to meet the market needs and expand our portfolio without the regulatory constraints that large banks and institutional lenders are now facing. Our average closing time is 2-3 weeks from receipt of a completed application.

Experience, dedication and integrity guide us in serving our clients
Avatar has earned a reputation for our honest, straightforward approach, and our staff is dedicated to providing smooth, successful transactions for our valued borrowers and brokers.

Loans secured by property in California will be brokered by Avatar Specialty Finance, Inc., CA DRE Broker License 02077503.

Office Locations

Avartar Financial Group

1200 Westlake Ave N STE 1006, Seattle, Washington 98109

Connect with Avatar Financial Group:

Our Team

Dave Siegrfried

Director of Origination

Jerry Zevenbergen

CEO

TR Hazelrigg

President

Our minimum loan amount is $500,000

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