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A $2,000,000 cash-out refinance loan was closed on Thursday September 9th, 2021.
The loan will be used to refinance a multi-tenant retail property located in Los Angeles, CA. The property is an excellent investment consists of two buildings with a total of 9,487 square feet and it is currently occupied 100.0%, which is above the stabilized occupancy level.
The two buildings were built in 1948 & 1960 respectively in an area that has experienced a great amount of development in recent years and considered as a gateway between Downtown Los Angles and the Westside.
| Loan Amount | $2,000,000 |
| Loan Purpose | Cash-Out Refinance |
| Loan Type | Retail |
| Project Date | September 9, 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.