SOURCE: AmericaVest CRE Mortgage Funding Trust

AmericaVest CRE Mortgage Funding Trust

June 14, 2013 15:30 ET

AmericaVest CRE Mortgage Funding Trust Announcing Its Presentation at the National Investment Banking Association Conference

FT. LAUDERDALE, FL--(Marketwired - June 14, 2013) - AmericaVest CRE Mortgage Funding Trust, Inc. [AmericaVest], a newly formed Maryland corporation that intends to qualify as a Real Estate Investment Trust ("REIT") for U.S. federal income tax purposes, announced its upcoming presentation at the National Investment Banking Association conference, The 126th NIBA Sponsored Event, in New York, NY on June 18th, 2013.

AmericaVest specializes in originating or acquiring and holding for investment senior whole mortgage loans secured by small to midsize commercial and multi-family U.S. real estate properties. Most of the firm's investments will be "bridge" commercial loan funding.

Robert Damigella, Co-CEO of AmericaVest CRE, will be speaking at the event about the current commercial real estate market in the United States and its growing opportunities. Damigella contends that the next major U.S. financial crisis could likely be triggered by the need to fund the nearly $2 trillion of commercial real estate mortgages, due to mature between 2013 and 2017. He maintains that at present, a significant number of borrowers do not have a clear strategy in place on how to refinance their commercial mortgage debt in light of the enduring decline in traditional bank lending. 

AmericaVest CRE has recently engaged with Crucible Capital Group, Inc. [Crucible], a registered broker/dealer that provides investment banking services to micro and small cap companies in the U.S. and internationally.

"Working with Crucible is a key strategic move toward establishing a robust lending platform to serve small to middle market commercial borrowers," said Damigella. "We are very confident in their capabilities, as the firm's management is actively engaged in our market sector and has access to large pools of capital to finance non-bank loans."

"Incontrovertibly, there is a compelling need at the moment for alternative financing sources for commercial real estate owners around the country," Damigella added. "With $2 trillion of commercial mortgage notes maturing over the next several years and banks grappling with the constraints of Dodd-Frank Legislation non-bank lenders like AmericaVest are uniquely and favorably positioned to benefit from this opportunity by becoming the alternative and viable source of funding." 

According to Nelson Garcia, Co-CEO of AmericaVest CRE, the impending commercial mortgage maturities offers an inimitable opportunity for non-bank private lenders, particularly CRE bridge capital sources, which are able to provide refinancing and initial funding. This is due to two key strategic reasons: a) Non-Bank lenders are typically more responsive and engaged debt and equity providers than conventional banks; and b) they are willing to fill the lending void that traditional lenders will not or no longer can."

"In this challenging environment, CRE bridge lenders will have the opportunity to finance attractive assets at current valuations on a short-term basis in order to provide borrowers time to stabilize their properties and then permanently refinance the assets," Garcia said. "Because of its proven track record of raising tens of millions of dollars for real estate projects in the worst financial market conditions, Crucible is AmericaVest ideal strategic partner to raise capital at compelling values."

"The proven ability of REITs such as AmericaVest to raise equity capital in a constrained market is an undeniable testimonial to a temporary shift toward this highly liquid class of real estate investments. In the recent years, Mortgage REITs have emerged as potentially powerful investment opportunities," Garcia concluded.

"We are excited to be working with AmericaVest on this capital raise," stated Chuck Moore, CEO of Crucible Capital Group. "The company's management team has identified a unique market opportunity and we are happy to be part of their team."

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

About Crucible Capital Group, Inc.
Crucible Capital Group provides expert investment banking services for micro to small cap companies in the United States and internationally. Crucible Capital Group is distinguished by the experience of our principals and our track record of successful engagements. The firm's founder has 28 years of financing experience with micro-cap to small-cap companies. More information can be found at www.cruciblecapitalnyc.com  

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.

Contact Information