Nova Capital Launches With $640M Financing Pipeline

Real estate veteran Steven Yazdani has launched Nova Capital, a new real estate capital advisory firm that will advise on a full suite of financial services. The firm launched in response to the strong investor demand for capital solutions in the market today, and already has $640 million in financing mandates in its pipeline. Its early deals include $100 million in refinancing of a class-A office building in Downtown Los Angeles, as well as a $25 million construction loan for a 110-unit development in Warner Center.

“With strong capital flows and ample investor demand in the current commercial real estate market, we recognized that now was the right time to launch Nova Capital,” Yazdani, managing director and founder of Nova Capital, tells GlobeSt.com. “Our team has been building relationships within the capital markets for nearly two decades. By drawing upon those relationships and leveraging high investor activity, we see the opportunity to build a company that can meet both current and future demand in the market.”

As investors remain in buy-mode, there continues to be a huge demand for financing partners; however, as the cycle matures, investors are also becoming more cautious and looking to diversify to mitigate risk. “Looking ahead, we recognize that capital sources continue to diversify,” says Yazdani. “As the cycle continues its maturation, most investors remain both optimistic and careful. Many of today’s investors are strategically diversifying portfolios and finding ways to lock in value for the long term. This activity is fueling the capital markets, giving lenders and equity providers of all types more opportunities for investments that meet their ever-changing criteria.”