Avrio will offer short-term, first mortgage debt and other structured finance products including B notes, mezzanine debt and preferred equity for the acquisition, refinancing and recapitalization of commercial real estate assets, with loans ranging from
“We believe with the current real estate capital markets experiencing some dislocation, now is an opportune time,” according to Schiff, who assumes the role as Avrio’s Chief Executive Officer. “In addition to financing new development and value-add projects that utilize energy-efficient and green construction materials, methods, or systems, we want to work with borrowers who create jobs, encourage education and employee engagement and who are dedicated to building projects that help expand the inventory of workforce, affordable and transitional housing,” adds Schiff.
For Dream, a Canadian public company and one of that country’s leading real estate firms with 600 employees, 12 offices across
“Given the current supply gap of available debt to meet the needs of real estate operators and developers in the U.S, Avrio will play a critical role in bringing flexible and creative debt funding to developers searching for this type of instrument,” said Co-Founder and Chief Responsible Officer
The new venture will use a specialized process, developed with Dream’s sustainability and ESG team, to collect, analyze and report on ESG data in a streamlined manner, intended to help external partners and borrowers improve their assets ESG scores, attributes and their overall impacts on their communities and the environment.
Avrio also provides a compelling opportunity to utilize Pauls’ expertise in development, asset management, property management, construction management and underwriting across multiple markets and asset classes, with demonstrated results in industrial, rental multifamily, for-sale residential, land entitlement and office, including ground-up development, value-add development, and general contracting.
Avrio also announces that Kyle Geoghegan has joined as U.S. Head of Originations. Geoghegan brings to Avrio 30 years of experience in the real estate capital markets, having originated more than
Headquartered in Denver, Avrio also has offices in
About
Dream is a leading developer of exceptional office and residential assets in
About
Founded in 1993 and headquartered in
Pauls has developed or managed over
About Avrio Real Estate Credit (http://www.avriore.com):
Avrio’s team brings multi-decade real estate credit, ownership and development experience, in both public and private
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Vicky Schiff
Vicky Schiff is the CEO and Co-Founder of Avrio Real Estate Credit
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