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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 Purpose||Cash-Out Refinance|
|Loan Type||Conventional CRE|
|Project Date||December 29, 2021|