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» $2.6 Million - Industrial - Los Angeles, CA

Posted by Loan Closed

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The borrower occupied the subject property with her interior design company for many years. Due to dramatic increases in rental rates, she decided to downsize, move her firm and lease out the subject property. To do so the borrower requested Avatar to refinance the property and pull cash out to fund other investments, moving expenses and general reserves.

  • Loan Amount: $2,600,000
  • Referral Fee: $6,500
  • LTV: 61%
  • Interest Rate: 8.99%
  • Term: 24 Months


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