Brad W. | Client Since 2018
As a developer, I faced formidable hurdles in securing financing for a groundbreaking modular construction hotel project in Hawthorne, California. Many lenders viewed the endeavor as too risky or avant-garde. However, AVANA Capital stepped in at a pivotal juncture, offering a $60 million loan for a project whose total costs surpassed $80 million. At the time of closing with AVANA, this marked the largest hotel modular construction loan in the U.S. Their support was instrumental not only in completing the project but also in revitalizing local employment and stimulating economic growth in Hawthorne, CA. By generating numerous jobs both during and after completion, AVANA significantly contributed to community development. Their unwavering commitment to fostering innovation and driving positive impact is truly commendable. I am profoundly thankful for their partnership and eagerly anticipate future collaborations.