PRESS RELEASE
Avila Real Estate Capital (AREC) and Pacific InterWest (PIW) Announce Merger, Providing a Comprehensive Set of Services to the Housing Industry.
Avila Real Estate Capital (AREC), a growing force in land acquisition and development (“A&D”) lending for the housing industry, is delighted to announce a merger with Pacific InterWest (PIW), a leader in housing quality control and risk mitigation services. This merger is the result of a partnership that began in 2016 between AREC Founder Tony Avila and PIW CEO Glen Martin. Their collaboration has been instrumental in the success of various real estate projects, reflecting a commitment to addressing the housing shortage in America.
AREC has emerged as an alternative source to traditional banks in providing capital for A&D financing for the development of housing projects across the United States. With an impressive track record of $700 million plus in originated loans in the past year, including the largest A&D loan closed in 2023, AREC's lending platform has provided capital to developers to assist in acquiring and developing over 11,000 residential lots.
PIW has solidified its position as a powerhouse of the construction industry. PIW's comprehensive suite of services spans the entire residential construction lifecycle. PIW is a leader in risk mitigation services, including peer plan reviews, course of construction inspections, SB-721 and SB-326 balcony/deck inspections, HERS testing, Title 24 services, water testing, and full-service commercial drone data collection.
This merger allows clients to access a robust full suite of services covering many needs of the residential construction industry. AREC and PIW are stepping into a promising future together to continue supporting our clients in delivering housing for Americans.
