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» $9MM Industrial Park - Irwindale, CA

Posted by Loan Closed


Our sponsor's company occupies 100% of the subject property. Due to a family tragedy our sponsor was in need of assistance to refinance the existing debt that was in default and due in full. Avatar was able to refinance the debt in the time period requested and provide the term needed for our sponsor to increase cash flow and eventually exit with conventional financing.

  • Loan Amount: $9,000,000
  • Broker's Commission: $90,000
  • LTV: 63%
  • Interest Rate: 8.00%
  • Term: 24 Months

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