Arixa Capital hits record month of origination of $100 million in February

0

Arixa Capital launched its first fund in 2010 at the height of the Great Financial Crisis. In the first two years, Arixa funded only a few million dollars in loans per year; and the company did not cross the $100 million annual creation brand until 2014. Managing Director of Arixa, Greg Hebnershares, “It has been gratifying to see our client-focused strategy and business model meet the needs of so many talented investors, builders and property developers. The addition of many new members to the our lending platform team and the growth of our origination have helped increase lending volumes without sacrificing Arixa’s unique service experience.We know there are many choices in today’s market and we never take for granted the relationships we have established with our valued borrowers.

During the record number of loans in February, Arixa Capital financed many projects from existing clients but also worked with many new clients. A project funded by Arixa in February was a $14,500,000 construction loan with a new borrower on North Virgil Avenue in the Silverlake neighborhood of Los Angeles. The property will be a mixed-use project consisting of 30 apartments over 1,500 square feet of commercial space on the ground floor. The property is located on the border of East Hollywood and Silverlake in Virgil Village, where it will create a desirable and unique residential and commercial presence in the area.

Another Arixa-funded project in February is a residential masterpiece developed and built by Yigal Hamais of MG Investment Properties based on a design by Doug Burgge AIA., a leading local architect. This $11,500,000 The mid-construction loan will refinance an existing loan and provide financing for the remaining construction through construction drawdowns. This property is one of two spectacular homes in the Malibu Colony Estates neighborhood being developed by Mr. Hamais. This newly constructed home will have ocean views from the ground floor and 180 degree views from the second floor.

“We have worked with Arixa for over three years and this is our 10and ready for construction that we have done with the company. I appreciate their understanding of construction and the construction process, which helps us move our projects forward and meet deadlines. They were quick to respond, flexible and easy to work with, and I know they care about my success. It’s a valuable partner,” says Mr. Hamais.

Another key to reaching this milestone is the flexibility Arixa is able to offer, due to our experience with investors who trust the firm’s expertise in loan structuring. “We are committed to our investors and borrowers to enable all of them to achieve their respective goals by making strong loans to the best residential investors and developers, and distributing the proceeds of those loans to our valued investors,” shares John BrzeskiChief Investment Officer of Arixa.

Media Contact
Andy Senger
[email protected]

About the company
Arixa Capital is one of the West Coast’s leading private real estate lenders and fund managers, providing low balance lending solutions to lower-middle market residential and commercial investors and developers. To visit www.arixacapital.com for more information on its loan programs.

SOURCEArixa Capital Advisors, LLC

Share.

Comments are closed.