Shree Ganesh LLC – 100 Room Hotel, Portage, Indiana

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

Description

Avatar provided a $4.6 million loan for a 100-room hotel in Portage, Indiana. Avatar’s loan refinanced the debt and provided the borrower time to stabilize the property until travel returned to normal following the restrictions due to the pandemic. The borrower completed a $700,000 renovation to the property. Additionally, the two-year loan was placed in special servicing during the COVID-19 pandemic and was eventually placed into default.

  • Location: Oceanside, CA

This style property is located in Zionsville 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.

RECENT CLOSINGS

Tallahassee-FL

$1.4 MM- Multi-Family Building -Tallahassee Fl

$5MM- Office Condo-Cedar Park, TX

$5MM- Office Condo-Cedar Park, TX

$3.5MM – Hotel – Washington, PA

$3.5MM – Hotel – Washington, PA

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