$5MM- Office Condo-Cedar Park, TX

  • Loan Amount: $5,000,000
  • LTV: 56%
  • Interest Rate: 7.99%
  • Term: 1 Year

Description

The Sponsor began the entitlement and horizontal development of this office condo project several years ago. As they were about to construct the vertical improvements, COVID hit and the project was halted. Now, 3 of 10 office buildings are nearly complete and the marketing of the project is underway. Offers for 2 condos have been accepted and additional LOI’s are in process. Avatar’s loan will provide funds to complete these first 3 buildings. The borrower is seeking financing from a local bank to construct the remaining 7 buildings.

  • Loan Type: Multifamily Bridge
  • Loan Amount Range: $5M - $9.99M

This style property is located in Cedar Park 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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