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AVANA Companies, a family of ESG lending and investment platforms, recently closed a $5 million loan to a real estate investor. The loan will be used for the acquisition of a 50-unit multi-family, apartment complex located in Hickory, NC.
The property is a 50-unit low-rise multifamily property. It was constructed in 1973 and renovated in 2015 by the current owner. The unit mix at the apartment complex consists of two- and three-bedroom units with an average unit size of 927 square feet.
The property is ideally located within a short distance of restaurants, shops, and grocery stores.
| Loan Amount | $5,000,000 |
| Loan Purpose | Acquisition |
| Loan Type | Multi-Family |
| Project Date | April 25, 2022 |
At AVANA Capital, we are dedicated to supporting local economies through loans to entrepreneurs who create jobs, bolster communities, and contribute to the social good. By believing in the people we work with, we empower our clients with capital to finance their own growth. Our team is committed to serving clients with integrity, flexibility and transparency.