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.”
Nova Capital arranges financing throughout the entire capital stack from debt placement and structured finance to equity placement and investment advisory services.
Over the past 15 years, the team at Nova Capital has financed a combined total of more than $5 billion for developers, operators and investors across the US and Mexico.
Nova Capital specializes in providing creative and tailored capital solutions to its clients, including debt, equity and structured finance solutions across all major asset classes. Additional information is available at www.novacapital.com