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Sanat Patel of AVANA Companies recognized for work in commercial space

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Sanat Patel, co-founder and CLO at Avana Companies, above has been named a person ‘to know’ in the commercial real estate industry here in the Valley of the Sun. (File Photos/DigitalFreePress)
Sanat Patel continues prominence is commercial real estate of the Valley
Staff Reports | Digital Free Press

AVANA Companies is announcing co-founder and Chief Lending Officer Sanat Patel has been recognized as one of People & Projects to Know in Commercial Real Estate 2024 most noteworthy professionals.

“The commercial real estate sector has witnessed drastic changes in our post-pandemic world, seeing different levels of demand, risk and uncertainty. This year’s award finalists represent the resilience and tenacity in the sector both locally and nationally,” Mr. Patel said in a prepared statement.

“At the heart of my team’s drive to overcome these challenges and better serve our CRE borrowers and investors is building capital for a better tomorrow, supporting local communities and lending to those that value sustainability.”

In 2022 Mr. Patel celebrated leading AVANA alongside his brother, Sundip, for 20 years and has recently launched several financial technology innovations, including EqualSeat, a CRE debt investing platform.

Mr. Patel oversees credit and risk administration, as well as the origination and syndication of CRE debt and commercial and industrial debt.

Mr. Patel has served in various functions of commercial banking, supporting CRE clients across segments of corporate banking within Wells Fargo Bank, Citibank, and JP Morgan.

“We had more than 200 submissions for our people section and almost as many for project nominations. One of the aspects of putting together PTK I appreciate the most is observing how diverse Arizona’s commercial real estate industry is – in its people, in the type of work they do, their varied backgrounds and experiences and personal interests,” said Erin Thorburn, assistant managing editor at AZ Big Media in a statement about this year’s program. “But even beyond sharing some personal attributes, what all PTK selectees share is their many contributions to our local commercial real estate community.”

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