$2MM 16 Unit Apartment Complex, South Pasadena, CA

  • Loan Amount: $2,000,000
  • LTV: 30%
  • Interest Rate: 5.99% Charged to Borrower for 6 months, 7.99% thereafter.
  • Term: 1 year

Description

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.

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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]

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