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AVANA Companies, a family of ESG lending and investment platforms, recently closed a $15.5 million cash-out refinance loan to a real estate investor for a multi-tenant office building in Chandler, Arizona. The investors purchased the Class A office building located at Chandler AZ and recently completed a number of tenant improvements.
Extensia Financial/AVANA Capital provided the investor with a 5-year conventional commercial real estate MBL loan.
A recent appraisal of the 13-year-old building valued it at above market value. At time of closing, the building had a large co-working space tenant that offers short term rentals to small and medium sized businesses. Extensia Financial/AVANA Capital provided the borrower with a 5-year conventional commercial real estate MBL loan.
| Loan Amount | $15,500,000 |
| Loan Purpose | Cash-Out Refinance |
| Loan Type | Conventional CRE |
| Project Date | December 29, 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.