» $1.4 Million - Restaurant & Retail - Tacoma, WA
Posted by Loan Closed
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.
- Loan Amount: $1,400,000
- Broker's Commission: $21,000
- LTV: 65%
- Interest Rate: 8.5%
- Term: 24 months with a 1 year extension option