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An investment firm and AVANA Companies recently finalized an agreement to purchase a single-tenant industrial building specializing in light manufacturing, located in Clinton Township, Michigan. This strategic acquisition highlights the growing demand for industrial properties in thriving economic regions.
AVANA Companies will contribute $1,250,000 towards the purchase price of the property, demonstrating their commitment to supporting high-value investments in the industrial real estate sector.
Originally built in 1988, the property remains a strong asset, offering a well-maintained infrastructure designed to accommodate light manufacturing operations. Currently, the building is 100% leased, providing a stable and reliable source of income for the new ownership. This acquisition aligns with AVANA Companies’ mission of driving growth through strategic investments in key markets.
Loan Amount | $1,250,000 |
Loan Purpose | Cash-Out Refinance |
Loan Type | Industrial |
Project Date | September 17, 2021 |
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.