Hospitality Loan In Niagra Falls, NY
Niagara Falls, NY Avatar Financial Group LLC (Avatar) provided financing to fund a complete refurbishment and repositioning of a 58-room hotel. The $4.7 million loan will allow the sponsor to finish the project just in time for the kickoff of the tourist season.
“Avatar identified this hotel redevelopment project as an opportunity that aligns with our investment thesis,” said Jerry Zevenbergen CEO and co-founder of Avatar Financial Group LLC. “Our funding provided the necessary capital to allow the project to move forward towards completion, despite the challenges the industry and market faced during the health pandemic in 2020.”