Columbus Nova MB Completes Recapitalization of Avoric Real Estate LLC

Columbus Nova MB is pleased to announce the recapitalization of the real estate assets of Avoric Real Estate LLC, a real estate ownership company. Avoric Real Estate owns property in Denver, CO and Philadelphia, PA, which is used in the sale of luxury performance automobiles. Customers Bank was the lender on both assets.

“We’d like to thank Customers Bank for the excellent work in getting this transaction closed,” indicated Amos Beason. “The transaction was not a straightforward real estate mortgage and they worked through the issues competently and thoroughly.”

Columbus Nova MB’s Advisory Group has offices in New York and Charlotte and focuses on middle market buy and sell-side engagements, restructurings and recapitalizations.

For additional information about this transaction and about our Advisory Group, please contact Amos Beason at +1 (704) 285-7750.

Columbus Nova MB (“CNMB”), with offices in Charlotte and New York, manages portfolios of real estate assets for a variety of investors in a separate account program. In addition, CNMB’s Advisory Group serves middle-market businesses by providing buy and sell-side, capital formation and restructuring services on a fee basis. Finally, CNMB manages the Baikal Program, which makes investments in growing businesses and in private equity funds.