Buyers Circle Adaptable Properties as Industrial Demand Increases

News/11/16/2021

Avatar Financial Group recently provided $15.6 million in combined acquisition and property improvement financing for three assets in Texas and Utah. The properties include a Holiday Inn Express in the Houston metro area, an industrial warehouse in Dallas and a storage facility in the Salt Lake City metro.

“Avatar identified the financial growth opportunities these three different properties offered and determined these diverse assets facilitate the continued building of our portfolio across a wide range of markets,” said T.R. Hazelrigg IV, president and co-founder of Avatar Financial Group. “Demand for industrial space remains high and we are confident that these properties will serve as essential facilities for producing, storing, and distributing the goods and products the global economy needs. Additionally, the Holiday Inn Express project is perfectly aligned with our investment goals of delivering risk-adjusted returns to our investors.”

The deals encompass a nearly $9 million commercial bridge loan for a storage facility in Utah for property improvements and partner buyout. Avatar provided a more than $3.6 million commercial bridge loan for the acquisition of an industrial warehouse located on the Central Express Way in Dallas.

The Avatar team also provided a $3 million commercial bridge loan for the acquisition of a 68-room Holiday Inn Express in the Houston metro. Avatar’s loan provided 56 percent of the purchase price and will further fund $950,000 to meet the PIP requirements of the franchisor.

Source Article

MORE NEWS

307-2637285669-62e116a00f4af

As featured in the WMRE 2022…

AvatarTop-Lender-15

Avatar Group Financial ConnectCRE Top Mortgage…

Avatar Commercial Mortgage Lending Competitive Capabilities

Avatar Commercial Mortgage Lending Competitive Capabilities

news

Avatar loans $5.8M for out-of-town quartet

20220324-lenders

US Hotel Active Lenders: CBRE Brokers…

Clear Height Properties, Blackbird Investment Group Sell 56,500 SF Industrial Building in Suburban Chicago

Clear Height Properties, Blackbird Investment Group…

video play image2

Verivest discusses Avatar’s REIT investment strategy…

Avatar Cityview Plano

Plano office park lands $30 million…

Understanding Investment Risk: Where Are You…

Invest

How to Invest in CRE Via…

CONTACT US

Let's Talk

AVATAR FINANCIAL GROUP

1200 Westlake Avenue N, #1006
Seattle, WA 98109

Office: 206.728.5900
Toll-Free: 1.888.886.0097

For information about loan programs or loan
requests, email us at:
[email protected]

Avatar Financial Group Logo

STAY CONNECTED

Subscribe to our newsletter for company updates & industry news:

mba_member_logo_150
BBB-ab-seal-horizontal-black-largenEW
verivest-verified-gold-small

Copyright 2021 Avatar Financial Group © All Rights Reserved. Privacy | Terms of Service | Disclaimer