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February 16, 2023
For the second half of last year, local lender Avatar Financial Group recently announced, the firm closed $70 million in deals to fund 16 projects across the U.S. Those reached from Colorado to Florida. One notable two-year loan was small, at $5.6 million, but helped to cover renovation efforts at the historic Sonora Inn, east of San Francisco, which dates to 1896. Avatar CEO Jerry Zevenbergen said of all 16 loans, “These most recent transactions showcase the plentiful opportunities to place capital despite market constraints. Avatar is still lending and can help qualified investors access capital to keep their projects moving forward.”