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AVANA Companies, a family of ESG lending and investment platforms, recently closed a $3.45 million loan to a real estate investor for the acquisition of an industrial property in Franklin, Ohio.
The 287,000 square foot property at 2001 Commerce Center includes a 88,000 square foot building on a highly trafficked route through the Midwest. It was built in 1995, renovated in 2001, and currently occupied by a single tenant who has been operating a steel business in the facility for over 18-years.
Extensia Financial/AVANA Capital provided the investor with a 5-year conventional commercial real estate MBL loan. With this financing, the borrower now has the capital needed to acquire the property during the term of the loan.
|Loan Purpose||Rate & Term Refinance|
|Loan Type||Conventional CRE|
|Project Date||December 23, 2021|
About Extensia Financial LLC
Extensia Financial (Extensia) is one of the most seasoned credit union organizations (CUSOs) focused on commercial real estate. Established in 1998, Extensia is an ESG customer service-driven organization connecting credit unions with commercial real estate brokers, commercial mortgage brokers and local investors through participation lending of socially responsible projects. Extensia partners with credit unions to diversify their lending portfolios, expanding credit union lending programs beyond their communities and mitigating concentration risk while increasing their loan to share ratio. Like its parent company AVANA, Extensia Financial strives to impact communities with clean energy projects that boost economic growth and jobs. The company is headquartered in Simi Valley, California. To learn more, visit www.extensiafinancial.com or follow Extensia on LinkedIn.