A young and successful Texas-based small business owner approached AVANA Capital with what inevitably became an incredibly complex yet opportunistic financing opportunity in the Houston market.
Between 2011 and 2013, KBS Hotel Group took multiple loans from a variety of sources to complete construction and stabilize the property. With the deadlines looming, KBS Hotel group was seeking to refinance its original construction loan, consolidate personal debt and obtain cash out. They needed a lender with the vision to see the property’s future potential and act fast.
842 Enterprises needed a lender that not only believed in the family’s vision, but also understood the nuances of modular construction and its benefits.
AVANA Capital is funding a new hotel construction project in Marina, California that will add permanent and construction jobs to the local economy and provide more options for business and leisure travelers — while fulfilling part of the American dream.