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» Investment Residential in Hawaii gets a $1.7 million Avatar Loan

Closed on 4/23/08

Property Description:

3,700sq. ft. main house, 500 sq. ft. guest house, 5,500 sq. ft. garage/work shop on a 5 acre lot in Hawaii

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Clearing the debt owed on the property and with enough equity to build in a 6 month interest reserve while the homes sells, Avatar was able to fund this loan in less than 2 weeks. Due to the current credit market, the combination of the subject being an investment property owned by a trust and low credit scores, precluded the borrower from obtaining conventional financing for now. 

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