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AVANA Capital recently closed a $3.24M cash-out refinance loan on a multi-family properties in Grand Rapids, Michigan.z
Originally built in 1967, this 66 unit property has had several recent tenant upgrades and property improvements. Recent community improvement has made this an attractive and desirable area within the city. Providing value add to the lending process, AVANA Capital was able to quickly support the Investors goals.
| Loan Amount | $3,249,200 |
| Loan Purpose | Cash-Out Refinance |
| Loan Type | Conventional CRE |
| Project Date | January 11, 2022 |