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» $2.9 Million - Retail & Office - Nyack, NY

Posted by Loan Closed

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The borrower contacted Avatar with a need to complete the remaining 20% of the renovation of a retail and office property in Nyack, NY. Avatar provided the funds needed to complete the renovation project and refinanced the borrower's existing debt on the property. 

  • Loan Amount: $2,925,000
  • Broker's Commission: $43,000
  • LTV: 60%
  • Interest Rate: 8.5%
  • Term: 24 months


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