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On August 7, 2024, AVANA Companies successfully closed a $20,500,000 bridge loan, marking another significant achievement in our commitment to supporting businesses. This substantial loan is designed to refinance the existing debt of a 224-key limited-service hotel located in Atlanta, Georgia.
The property serves as an important asset in the local hospitality market, catering to both business and leisure travelers. With this refinancing, the hotel will have the financial flexibility to optimize operations and continue providing quality services to its guests.
| Loan Amount | $20,500,000 |
| Loan Purpose | Refinance |
| Loan Type | Hotel |
| Project Date | August 7, 2024 |
About AVANA Companies:
AVANA Companies (AVANA), founded in 2002, is an asset management platform aimed at building capital for a better tomorrow by stimulating economic growth, creating jobs, and contributing to sustainable projects. Headquartered in Arizona, USA with regional offices in Bahrain and Saudi Arabia, AVANA serves small businesses, entrepreneurs, institutional and retail investors, and credit unions in these markets. AVANA provides private credit commercial real estate loans through AVANA Capital, AVANA CUSO, Ezdaher.sa and LendThrive™. AVANA also offers private credit commercial investment opportunities to institutional and individual investors through AVANA Fund and EqualSeat™.