Recent Deals
» Avatar Funds $820,000 Loan for Newly Renovated Restaurant / Commercial Building in Missouri
Property Description:
Newly Renovated Commercial Building in the Benton Park Neighborhood of St. Louis, MO
The neighborhood around Arsenal and Lemp St. Louis, MO is coming back. Gentrification is bringing new people, businesses, and a lively interest in preserving and improving beautiful old buildings in the area.
Legacy Capital Group purchased such a property and put time, care and money into restoring the fine, older building. With the renovation complete, Legacy needed a loan to bridge the gap between the completion of the renovation and profitable leasing of the beautiful restored space.
The owners turned to Avatar Financial Group who saw value in the property, the neighborhood, and the enterprise, providing a loan of $820,000 at competitive rates.
The main floor is expected to be rented to a restaurant; the balance will become unique office spaces.
