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» $3.2 Million - Hotel - Bend, OR

Posted by Loan Closed

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Our sponsors purchased this 20-room hotel in early 2019 in an all cash deal and approached Avatar at year-end to provide a cash-out loan to buy out one of the partners in the project. Avatar was able to provide our sponsor with the cash required in the time period needed for a successful transaction for all parties.

  • Loan Amount: $3,250,000
  • Broker's Commission: $32,500
  • LTV: 69%
  • Interest Rate: 8.5%
  • Term: 12 months


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