- Loan Amount: $2,000,000
- LTV: 30%
- Interest Rate: 5.99% Charged to Borrower for 6 months, 7.99% thereafter.
- Term: 1 year
Avatar provided a $2 million refinance loan for a 16-unit apartment complex in South Pasadena, California. The guarantor purchased an investment property in Texas and utilized the cash-out as part of the property’s down payment. The borrower retired Avatar’s debt with a conventional refinance. The property is in excellent condition and includes a variety of recent upgrades. In addition to the property’s safe and quiet location, the residents also have their own covered parking spot.
- Location: California
This style property is located in Pasadena is currently and has been listed on Avatar Financial Group. This property is listed at . It has bedrooms, bathrooms, and is . The property was built in year.