About Watt Funding
Watt Funding is the Commercial Real Estate Lending division of Watt Companies. With over 70 years of commercial real estate experience, Watt Funding originates and structures bridge loans to commercial real estate investors, developers and owners. As an alternative to traditional bank lending, we have established a reputation of providing a dependable source of capital and structured solutions to experienced real estate borrowers. We are committed to providing quick responses and timely closings across all commercial property types. We are prepared to help real estate professionals capitalize on opportunities in today’s marketplace.Visit Website →
President & COOinfo@wattcompanies.com(310) 314-2506
Devereux brings over 29 years of real estate equity and debt experience to Watt. In addition to his private equity and lending background, he also has vast operational experience and has a history of building fast growing businesses. Devereux’s resume includes two years as Chief Real Estate Officer at real estate tech company PeerStreet, six years as EVP, Head of Commercial Real Estate at OneWest Bank and nine years as Principal at Colony Capital.
At PeerStreet, Devereux led the company’s 4x growth in revenue and 3x increase in monthly marketplace volume as the company surpassed $3 billion in loans funded and transitioned from Series B to Series C funding. While at OneWest Bank, Devereux was instrumental in growing the commercial real estate holdings from less than $500 million to more than $6 billion in under a year, and he started and managed the Special Assets, Portfolio Management and CRE Bridge Lending groups.
The CRE Bridge Lending Group originated over $1 billion annually in floating rate debt. At Colony, Devereux was responsible for forming commercial real estate joint ventures and managed a portfolio valued at more than $1 billion of U.S. office, retail, multi-family and hospitality investments.
Devereux graduated from Stanford University with a mechanical engineering degree, Claremont McKenna College with an economics degree and UCLA’s Anderson School of Business with an MBA.
EVP Portfolio Managerlaus@wattfunding.com310.314.5089
Manages origination and underwriting of loans by the Fund. Serves on the Board of CDF Capital, a $650 million specialty lender to churches (Since 2012). President of AGP Capital, a Commercial Real Estate Advisory Firm (Since 1993). Laus has 30-years of commercial real estate experience and has been involved in over $500 million of real estate transactions. Previously was Executive Vice President for a commercial real estate development company.
SVP Operations and Underwritingjason@wattfunding.com
Underwrites and structures loans made by the Fund. Previously, CFO of one of the largest private home builders in the southwest, building over 1,000 homes per year. Involved with over $700 million in acquisition, development, construction and investor capital.