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» $4.2 Million - Two Marinas in NJ

Posted by Loan Closed


The borrower, having successfully owned and operated these two marinas for over 10 years, was in need of capital for a separate development opportunity. Avatar was asked to refinance the existing debt and provide cash out to fund predevelopmnent and soft costs. Despite the unique nature and complexity involved with underwriting the assets, Avatar was able to successfully navigate all concerns and provide the capital needed.


  • Loan Amount: $4,200,000
  • Rate: 8.99%
  • Term: 24 Months
  • LTV: 46%

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