Varun Pathria has been promoted to CEO of AssetAvenue, an online lending platform for commercial real estate loans, by the company's board of directors. Co-founder David Manshoory will now assume the role of president.
AssetAvenue hired Pathria in May to serve as chief investment officer, as previously reported. His responsibilities grew quickly to include developing credit guidelines, mortgage processes and procedures, and the company's asset management infrastructure.
‘In a very short amount of time, Varun has had a dramatic impact on the development of the company. His valuable combination of deep real estate knowledge, operating experience and capital markets expertise makes him best suited as CEO to take the company to the next level of growth,’ says Manshoory.
Prior to AssetAvenue, Pathria served as senior vice president of Colony Capital, a global real estate private-equity firm headquartered in Los Angeles.