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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$7.5 Million in Funding Provided for Kent, WA Office Building
Closed on 4/29/2004
The loan was made for a 200,000+ ft, early 1990s office building in Kent, WA with a current NYSE company currently leasing the space. The building appraised for $10mil+ and was investigated for the potential to convert to use for multiple tenants should the primary occupant opt-out of a future lease.
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Bel Air Residence Deal Saved by Avatar's Funding
Closed on 3/12/2004
The loan purpose went to the purchase of a Bel-Air estate valued at over $3mil. Avatar backed the deal against additional collateral from the borrower that included two restaurants and an office building.
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Avatar Closes $4 Million Loan to Buy an Undervalued House
Closed on 12/12/2003
The home is a 1920s Mediterranean mansion with reservoir and canyon views in the exclusive Bel-Air neighborhood of Los Angeles.
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Fast Funding Assured by a Short Term Loan on New Construction
Closed on 12/12/2003
31 newly constructed condos made up the collateralized asset on this loan with a combined value of approximately $7mil.
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Funding for Multiple Properties in Texas Proves no Problem for Avatar
Closed on 11/24/2003
Income producing properties backed the funding for this deal, including apartment buildings, a mini-warehouse, a strip center, and a small office building.
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Seattle Parking Lots - Refinanced with help from Avatar
Closed on 10/8/2003
The primary collateral for the deal was four parking lots in downtown Seattle, WA. Avatar also obtained junior liens on two office buildings owned by the borrower - a premier developer and commercial owner in Seattle.
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$900K in funds delivered to Oklahoma Resort to Help with Improvements
Closed on 9/19/2003
The property is an RV park that has been converted into cabins for use as a members-only resort. The cabins are on 73 acres featuring 5,700 feet of waterfront on Grand Lake O'Cherokees in Grove, Oklahoma.
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Avatar Creatively Funds a North San Diego Apartment Building
Closed on 9/8/2003
$3,500,000 on a 22-unit apartment building in coastal CA outside of San Diego. Avatar's loan was creative by having the interest reserve built in with monthly payments @ 8% with a 1-year balloon.
