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» $4 Million - The Dog Social Club (Industrial) - Oakland, CA

Posted by Loan Closed

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The Dog Social Club contacted Avatar to assist with the purchase of this 24K+ square foot facility in Oakland, CA. The Oakland facility has been operating as a dog daycare for 22 years and is known as a "Disney Land" for dogs. Longtime employees formed a cooperative to purchase the business in early 2019 and needed capital to acquire the property. Avatar was able to provide funding for the acquisition, providing The Dog Social Club with the runway needed to continue providing daycare, overnight boarding and secure conventional financing for this home away from home. 

  • Loan Amount: $4,000,000
  • Broker's Commission: $40,000
  • LTV: 60%
  • Interest Rate: 7.99%
  • Term: 24 months


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