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» $4.5 Million - Apartment Complex - Houston, TX

Posted by Loan Closed


Our sponsor purchased the property in 2014 for approximately $2.5MM and has since invested over $1.3MM in improvements. Avatar was asked and was able to refinance the existing debt and provide over $2MM cash out to the borrower.

  • Loan Amount: $4,500,000
  • Broker's Commission: $22,500
  • LTV: 75% LTV
  • Interest Rate: 9%
  • Term: 18 months

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