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A key investor was seeking for a loan to finance the acquisition of a 35‐unit multi‐family apartment complex located in Gastonia, NC. Avana Companies and the investor closed a $ 1,875,000 loan deal on April 13, 2022 to finance the acquisition.
The property is a compound of 7 individual buildings totaling 24,741 square feet and occupying a 2.73 acres land area. Portions of the property were built in 1974, 1982, and most recently 2003.
Gastonia is one of the largest cities in the Charlotte metropolitan area. It is close to west of Charlotte area and it is one of the top places to work and live. Gastonia has a great combination of size, location and it is very suitable for living.
| Loan Amount | $1,875,000 |
| Loan Purpose | Acquisition |
| Loan Type | Multi-Family |
| Project Date | April 13, 2022 |