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Avana companies recently closed an $ 850,000 Refinance-Cash out loan with two significant clients. The loan will be used to refinance their current loans of $523,843 and obtain cash out totaling $291,657 to be distributed to the owners. The loan will be to the two mentioned entities and will be secured by two multi-tenant office properties located in Pikesville, MD.
The properties are managed and owned by a local business owner, who is personally guaranteeing the loan and currently owns 100% of both of the entities that own the properties.
| Loan Amount | $850,000 |
| Loan Purpose | Cash-Out Refinance |
| Loan Type | Office |
| Project Date | March 1, 2022 |
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.