Avatar Financial Group

We're pleased to announce that our President & Co-Founder, TR Hazelrigg IV, will be attending the 2024 Western States CRE Finance Conference in Las Vegas next week. If you'll be there, reach out to TR to set up a meeting! #WSCREF24 #CREFinance #CREEvent #2024CREFConference #CRE #CommercialRealEstate

We're thrilled to announce that our Director, Mark Holman, will be speaking on the "Dealmaking Update" panel at the upcoming Connect Texas Multifamily event. Join us in Dallas on August 20 and use the code below to get 20% off your registration!

Could we see rates cuts by the end of the summer? Inflation in the U.S. eased substantially in June, extending a recent slowdown in price increases that opens a path for the Federal Reserve to cut rates by the end of the summer. In addition, the consumer-price index, a measure of goods and services costs across the economy, fell slightly from May, dropping the year-over-year inflation rate to 3%, which was the lowest since June 2023. https://hubs.la/Q02Gh-670

Our expansion plans continue as we welcome George Warf and Alex Cruz to our growing team. As Directors of Origination, the pair will be working out of our LA office and will be focused on origination and underwriting of commercial real estate loans from coast to coast, new business development, and expanding Avatar’s bridge lending platform.

It’s official. Nvidia, the AI poster child of Wall Street, is now the most valuable company in the world, taking the crown from Microsoft. Nvidia’s market cap was $3.34 trillion, while Microsoft’s was $3.32 trillion and Apple Inc.’s AAPL was next, at $3.29 trillion. It’s official. https://hubs.la/Q02CmN3S0

Avatar provided $12.43M for two high-end single-family homes currently under construction in Southampton, NY. The 18-month bridge loan, which has a loan-to-sellout value of 62%, retires an existing construction loan and will cover 100% of the remaining costs to finish the development and sell the luxury properties.

In a finger’s crossed moment, Wednesday could be the day. At least when it comes to positive economic news from the Fed. Investors will hear about the path of inflation and the manner in which the Federal Reserve plans to react. In a one-two punch that starts in the morning with the pivotal consumer price index reading for May and ends with the Fed’s policy meeting in the afternoon, vital signals will be sent about the direction of the economy and whether policymakers can soon take their foot off the brake. https://hubs.la/Q02BsB5m0

The U.S. Small Business Administration is launching a working capital pilot program in the coming months that is designed to be more attractive to both lenders and borrowers than the agency’s existing products. The SBA plans to unveil new government-backed credit lines of up to $5 million for small businesses. The project is part of the SBA’s efforts to broaden its flagship lending program for American small businesses. https://hubs.la/Q02zy9H30

While there might be some out there who believe that blockchain, cryptocurrency and digital assets have taken a path to obscurity, indeed, it seems that’s not the case. In fact, with many countries setting regulatory frameworks to permit the use of digital assets within their financial system, and consumers already having the option to use them for a variety of retail purchases outside of tapping a traditional bank account, credit card or cash, the velocity of these platforms is speeding up. https://hubs.la/Q02y-KDR0

At a recent JP Morgan Investor Day event, when asked about the migration of assets to the non-bank sector, JPMorgan Chairman and CEO Jamie Dimon said, “we’ll compete. We’re going to be fine.” But he added that the “question they should be asking is, what does it mean for the United States of America?” https://hubs.la/Q02yrrwy0