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Our sponsor purchased the property in 2014 for approximately $2.5MM and has since invested over $1.3MM in improvements as the property. Avatar was asked and was able to refinance the existing debt and provide over $2MM cash out to the borrower. read more

Our sponsor was one week from closing on the purchase of a separate hotel when notified that they had exceeded the SBA limit for a single borrower. Our sponsor asked if Avatar could quickly refinance the SBA loan on the sponsors existing Red Roof Inn. Avatar was able to complete the refinance of the Red Roof Inn thus freeing up capacity to take on new debt and allowing the acquisition to continue. read more

Located in Orange County, our borrower operated their printing business out of the property for over 20 years until recently retiring. After placing the property for sale or lease they received numerous offers above the appraised value but preferred to find a suitable long-term tenant and benefit from monthly cash flow into their retirement. Avatar was able to provide the capital needed to pay off the current debt, allowing the Borrower time to find a tenant for a lease or sell the property. read more

The borrower approached Avatar to provide cash out refinancing of a restaurant and retail strip center owned since 2003. Avatar was able to refinance the property and provide the borrower with the cash out needed as working capital for the borrower's other business ventures. read more

Avatar was approached to provide purchase and rehabilitation financing for this 173 room hotel and restaurant located in Bakersfield, CA. Within three weeks, Avatar funded the loan request allowing the borrower to close on the property with 100% of the rehabilitation budget needed. read more


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