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Best Western Plus Hotel in Austin, TX
Austin, Texas
AVANA Bank and Copper State Credit Union partnered through the SBA 504 program to refinance a Best Western Plus hotel in Austin, Texas. Together they provided a $3,500,000 first mortgage as part of a $6,997,000 total transaction, delivering long-term fixed-rate financing that eliminated balloon payment risk and preserved working capital for the borrower. Through AVANA CUSO, Copper State Credit Union participated in a fully underwritten hospitality asset in one of the country’s most active commercial real estate markets — a strong addition to their portfolio and a demonstration of what credit union and CUSO collaboration can achieve.
Location
Refinance - $6,997,000
Best Western Plus Hotel in Austin, TX
919 E Koenig Ln, Austin, TX 78751, USA
Loan Details
| Loan Amount | $6,997,000 |
| Loan Purpose | Refinance |
| Loan Type | Hotel |
| Project Date | February 27, 2026 |
More Details
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™.