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AVANA Companies, a family of ESG lending and investment platforms, recently closed a $4,074,000 refinance loan with a significant client. The loan will be used to refinance a 226-unit multifamily property located in St. Louis, MO.
The property was purchased in 2007 by the borrower and was renovated extensively in 2012 and 2013.
Delmar Boulevard District is a major east-west street in St. Louis, Missouri. Delmar Boulevard starts at North 14th Street in Downtown St. Louis, as a westward extension of Convention Plaza. It passes through the neighborhoods of Downtown West and Midtown on its easternmost portions.
| Loan Amount | $4,074,000 |
| Loan Purpose | Refinance |
| Loan Type | Multi-Family |
| Project Date | December 31, 2021 |