Recent Deals
» Recent Closings from Avatar Financial
Avatar is a unique type of hard money lending company. We are institutionally funded and have full control over all the deals we approve. This means that there are no investors to convince, no time delays due to insufficient funding and no project too large. Avatar controls more than $100 million in funds with which to make hard money loans, meaning that if your project qualifies for a loan through Avatar, you can receive funding in days.
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Borrower obtains $4,500,000 in under two weeks!
Income producing parking lots located in downtown Seattle, WA.
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Coronado Hotel Gets A Bridge Loan To Retire A Construction Loan
Loan Type:
Property Type:
LTV:
Location:
Loan Amount:
Rate:
Term:
Prepayment Penalty:Hard Money Loan Refinance
Luxurious 17 Room Boutique Hotel
43%
Coronado, CA
$3,635,000
11%
2 Years
None
Scenario: The subject consists of a luxurious boutique hotel with 17 guest rooms. The building was originally constructed in 1906 and completely renovated in 2009. The original construction lender failed and was taken over by another bank. This bank refused to extend the original term and commenced a foreclosure. A settlement was reached in exchange for release of property. Avatar Financial Group provided a bridge loan to pay down a $5.8 million construction loan and helped the borrower avoid losing the property.
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Multi-Tenant Office Building Gets A Bridge Loan
A multi-tenant office building located in Blaine, WA. The subject consists of 7,687 net rentable square foot two-story professional office building constructed for the borrower in 2005. It's situated on a 23,958 square foot lot. Parking is on-site and is adequate for the building. The borrower, who has been in business for 38 years, occupies the top floor of the subject property. They occupy the top floor of the subject property while the ground floor is fully occupied and rented to 3 unrelated tenants.
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Free & Clear Mobile Home Park gets owner $3 million cash out
355 Pad Mobile Home Park with community center and pool
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Nu-Metal Gets $1.25 Million Cash Out
10,085 Sq.Ft. single story stand alone industrial and office building in Santa Clara, CA
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Avatar Closes Loan for $1.25 Million in Westport, WA.
28 Room Motel & RV Park, Westport, WA
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$2.8 Million Loan Helps Borrowers to Save Investment
101,000 Sq. Ft on 7 Acres, Albuquerque, NM
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23 Townhomes on the Willamette River
Loan: $11.3 Million
Broker Earns $110k -
Avatar Funds $6,620,000 Loan for Eagles Storage and Development
218,122 Sq Ft. Storage State of the Art Storage Facility, Lake Havasu, Arizona.
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Avatar Financial Group Funds $3.8 Million for Kore Entertainment
13,500+ Sq. Ft. Night Club in Miami, Florida
