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» $1.4MM Office & Medical Building - CA

Posted by Loan Closed


Our Sponsor is a tenant of the property who approached Avatar with one week to both exercise a right of first refusal and close on the purchase this two-story office/medical building. Avatar was able to provide the capital needed for our sponsor to close on the property in one week from start to finish.

  • Loan Amount: $1,365,000
  • Referral Fee: $13,650
  • LTP: 65%
  • Interest Rate: 8.99%
  • Term: 12 months

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