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.
With the help of AVANA Capital, a growing Southern California home healthcare provider was able to purchase the property it had been leasing since 2012, and plans to use it as its expanded headquarters.
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.
Kevin Darroch had a great opportunity in front of him. And a big problem.
Hotel construction loans can be extremely lucrative, but their profitability comes with substantial risk. These projects, which can take up to 24 months to complete, have many variables and moving parts. Lenders need to be meticulous in researching the project and involved in the process from start to finish.
CEO Sundip Patel was inspired to create the above list to help express AVANA Capital’s culture in simple and concrete way. AVANA’s staff created the list both as a tool to welcome new employees and as an everyday reminder for current employees.
AVANA Capital has provided more than $1 billion in loans to entrepreneurs and small- to mid-sized businesses. This landmark achievement caps an extraordinary 14-year journey for AVANA Capital, which began as a non-bank lender under the SBA 504 program.
AVANA Capital recently provided a textbook example of how to step in and get a deal done for brokers and business owners alike.
AVANA Capital and Middletown Hotel Management (MHM) have brought to fruition an impressive hotel and event center that will be an anchor for the township and a Butler County tourism draw for years to come.