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A Florida-based investment company signed a $3,040,000 bridge loan deal with AVANA Companies. The loan will be used to finance the purchase of a 12,632 square feet property. The property is a two-story office building located in Ft. Lauderdale, FL.
A reputed dental clinic owns 100% of the investment company. The dental clinic currently leases space in and operates out of this property and intends to remain in place after the purchase. The clinic owner intends to renovate the property to add additional chairs for his practice.
| Loan Amount | $3,040,000 |
| Loan Purpose | Acquisition |
| Loan Type | Office |
| Project Date | June 30, 2021 |
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