$4.2MM – Storage Facility- Spokane, Washington

  • Loan Amount: $4,200,000
  • LTV: 70%
  • Interest Rate: 7.99% for the first six months and 8.99% thereafter
  • Term: 2 years

Description

Avatar provided a $4.2 million commercial bridge loan for a storage facility in Spokane, Washington. Avatar’s loan provided the capital needed to acquire the property and establish a twelve-month payment reserve to provide the sponsor with runway- This will stabilize the property during the term of Avatar’s loan. The sponsor expects to refinance with a conventional loan after establishing some operating history.

This style property is located in Spokane 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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