Twenty plus years ago, Scott Kavel, the Founder of CREATIVCAP, placed his first Senior Housing cold call to the largest owner operator of Senior Housing in the United States, Holiday Retirement Corp. His call was taken by Thilo Best, Holiday’s finance team leader at the time. Thilo gave Scott a very specific challenge: “Only call me back if you can deliver a deep pocketed institutional lender that we’ve never done business with, that offers better terms than we’re currently receiving.”
After a lot of research, hard work, and leveraging the relationships he had built with Lenders in other commercial real estate product categories, Scott called Thilo back. He had a large, well-thought-of Life Insurance Company for Holiday to work with, and a whole new source of capital for the Senior Housing industry. It grew from there.
Scott focused on creativity and innovation, looked for new ways to structure deals, found new partners to pair together and delivered market leading terms. He was relentless about execution and collaboration, and insisted on delivering value beyond the original transaction. Most importantly, a commitment to creativity, relationships, execution and value became the defining principles for Scott and what would become The CREATIVCAP Family of Companies.
Mr. Kavel has gone on to close over $9.5 Billion in finance, sales and equity transactions in Senior Housing, Commercial Real Estate and Multi-family real estate. He has built deep relationships with a variety of capital providers and closed loans in 47 U.S. states and several provinces in Canada. He has achieved a number of industry firsts: Fannie Mae’s First Credit Facility for Senior Housing; Freddie Mac’s First Revolver for Senior Housing; and Protective Life’s First Construction Permanent Loan for Senior Housing, to name a few. But most importantly, he has developed a multitude of meaningful, long-lasting friendships, business partnerships and industry allies.
The CREATIVCAP Family of Companies was formed in January 2019 and wants to thank their friends, clients and partners, for helping them close over $335M in transactions in their first 12 months of business. Transactions were closed from Florida to California and include investment sales, construction loans, bridge loans, permanent loans and forward rate lock loans for Multifamily, Independent Living, Assisted Living and Memory Care communities. CREATIVCAP Investments also invested proprietary capital in several projects to help bridge gaps for their customers.
Despite the market turmoil in 2020, business continues to accelerate, including CREATIVCAP Advisory closing an investment sale for a Senior Housing building owned by Mr. Best – more than 20 years after that initial cold call created a lasting friendship and partnership. The principles of creativity, execution, relationships and value will continue to drive CREATIVCAP and their partners to successful outcomes.