FT. LAUDERDALE, FL--(Marketwired - September 13, 2013) - AmericaVest CRE Mortgage Funding Trust, Inc. [AmericaVest], a Ft. Lauderdale, FL-based commercial mortgage REIT, announced today that it will be one of the presenting companies at the upcoming 128th National Investment Banking Association [NIBA] Conference, in New York City on September 16th, 2013.
AmericaVest originates, acquires and invests in senior whole mortgage loans secured by small to midsize commercial real estate properties in the United States. The firm primarily focuses on "bridge" commercial loans, mezzanine financing and preferred equity. Most recently, AmericaVest Lending LLC, an affiliate of AmericaVest, arranged a $1.4 million real estate loan for the development of a commercial property in Ft. Lauderdale, FL.
Nelson Garcia, Co-CEO of AmericaVest CRE, will speak at the NIBA event about the current state of the U.S. commercial real estate market and the opportunities it offers. According to Garcia, in the coming three to four years, nearly $2 trillion of commercial real estate mortgages will mature and, due to the persisting decline in traditional bank lending, a significant number of borrowers do not have a clear strategy in place to refinance their debt.
"Presently, there is a compulsory need for alternative sources of commercial real estate financing in the U.S.," stated Garcia. "As a commercial bridge loan provider, AmericaVest is favorably positioned to aptly fill this gap by providing short-term financing that will give borrowers the time they need to stabilize their properties and then seek permanent refinance of their assets."
Robert Damigella, Co-CEO of AmericaVest CRE, stated, "Non-bank lenders are customarily more responsive and engaged debt and equity providers than conventional banks. They are willing to fill the lending void that traditional lenders will not or no longer can. This creates an inimitable opportunity for non-bank private lenders, particularly CRE bridge capital sources, which are able to provide refinancing and initial funding."
"The NIBA Conference will offer us a unique opportunity to educate attendees on the proven ability of REITs like AmericaVest to raise equity capital in a constrained market. Without a doubt, an irrefutable validation of a temporary shift toward this highly liquid class of real estate investments, which in the recent past has positioned Mortgage REITs as potentially powerful investment opportunities," Damigella concluded.
About AmericaVest CRE Mortgage Funding Trust
AmericaVest CRE Mortgage Funding Trust, Inc. is a Maryland corporation that will qualify as a Real Estate Investment Trust ("REIT") for U.S. federal tax income purposes. Our primary business is to originate, acquire and hold for investment senior mortgage loans secured by commercial and multi-family real estate properties, which in the United States are considered to be "Alternative Mortgage" assets. The majority of our investments are commercial loan funding ("bridge loans"). The AmericaVest group of companies ("AmericaVest Group") was initially established in 2006 to take advantage of opportunities within the U.S. commercial and residential real estate, as well as alternative finance sectors. Our founders and management possess more than 75 years of collective experience in the finance, mortgage and real estate industry. More information can be found at www.americavest.net
Forward Looking Statements
This press release contains forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Examples of forward-looking statements include projected financial information, statements of our plans and objectives for future operations and statements concerning proposed operating strategies. In some cases, you can identify forward-looking statements by the use of terminology such as "may," "will," "should," "could," "expects," "plans," "intends," "anticipates," "believes," "estimates," "predicts," "potential" and other comparable terminology. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, performance or achievements. Actual events or results may differ materially.