Fort Lauderdale, Fla.-based AmericaVest has announced the official launch of AmericaVest CRE Mortgage Funding Trust, a full-service, on- and off-balance-sheet lender and mortgage real estate investment trust (REIT).
According to the company, AmericaVest CRE intends to focus on small- to middle-market commercial loans nationwide and actively engage in on- and off-balance-sheet activities, including property acquisitions, bridge loans, mezzanine financing, note purchase and note refinance, as well as specialty financing, such as refinancing distressed and non-real-estate-based loans.
‘Commercial lending is in the DNA of AmericaVest,’ says Robert Damigella, AmericaVest CRE's senior managing director and partner. ‘In an environment characterized by unusually tight credit, our goal is to be the driving force behind a new era of commercial lending, helping to finance real estate transactions that support and rebuild communities, help create new jobs and, ultimately, has a positive impact on the economy of our country.’
