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| Steven Yazdani |
LOS ANGELES, CA – Industry
veteran Steven Yazdani has announced the opening of his new firm, Nova Capital,
a Los Angeles-based real estate capital advisory firm providing a full range of
financing services, including debt, equity and structured finance solutions
across all major asset classes.
The firm currently
has more than $640 million of financing mandates in the pipeline representing
the full spectrum of capital and product types ranging from a $25 million
construction loan for a 110-unit development in Warner Center to the $100
million recapitalization of a Class A office building in Downtown LA.
Prior to opening Nova Capital this
month, Yazdani was a founding partner of Lucent Capital. Additionally, he
previously opened and co-headed the Los Angeles office for the Carlton Group, a
New York based real estate investment banking firm.
In the last quarter of 2018,
Yazdani was responsible for closing over $100 million of financing including
the construction financing of a 146-unit mixed use complex in Northridge,
acquisition financing of a 144,034-square-foot regional shopping center in Lake
Elsinore, CA, and land/predevelopment financing for a 205-unit development in
Downtown LA’s Financial District.
“The fact that we already have
over half a billion dollars in assignments the first month we are open is the
best testament to our real commitment to building relationships with our
clients,” Yazdani notes.
“We are relentless advisors and advocates for
our clients. Our depth of experience and existing trusted relationships make us
uniquely positioned to deliver best in class financing and execution to clients
throughout the United States and Mexico.”
CONTACT:
Micaela Fehrenbach / Jenn Quader
Brower Group
(949) 955-7940
www.novacapital.com.
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