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» $5.8 Million - Waterfront SFR - Washington

Posted by Loan Closed

Waterfront SFR

Located within one of the most expensive zip codes in the United States, with over 137 feet of waterfront, this investment property's loan was due. A short term bridge was needed quickly to avoid additional fees and provide time to obtain long term conventional financing. Avatar was able to refinance the property in a week's time and provide our sponsor with the time needed.

  • Loan Amount: $5,800,000
  • Broker's Commission: $29,000
  • LTV: 51%
  • Interest Rate: 7.75%
  • Term: 12 months

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