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Our Sponsor is a tenant of the property who approached Avatar with one week remaining to both exercise a right of first refusal and close on the purchase this two-story office/medical building. Avatar was able to provide the capital needed for our sponsor to close on the property in one week from start to finish. read more

Our sponsor had secured conventional financing and was issued loan documents when their bank ceased all new closings. Choosing to conserve liquidity, given the current environment and uncertainty in the credit markets, they approached Avatar to fund the completion of the current project and enable progress on other building endeavors. Avatar was able to close the loan in a time frame that prevented interruption in the construction timeline for this high end luxury spec home. read more

Having owned the property since 2001, our sponsor recently finished a complete renovation of the subject property. The existing financing was due in in full and due to COVID-19 our sponsor's conventional lender notified our borrower that they could no longer finance the transaction. Avatar was able to refinance the ballooning loan and provide our borrower with two years to secure conventional debt. read more

Our sponsor approached Avatar with a cash-out funding request after receiving notice that their conventional loan had been placed on permanent hold due to the current environment. Avatar was able to provide our sponsor with the liquidity needed in less than a week. read more

Our sponsor's company occupies 100% of the subject property. Due to a family tragedy our sponsor was in need of assistance to refinance the existing debt that was in default and due in full. Avatar was able to refinance the debt in the time period requested and provide the term needed for our sponsor to increase cash flow and eventually exit with conventional financing. read more

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