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Avana Companies and a major client and investor recently closed a $2,250,000 loan deal to refinance a 2,992 square feet quick service restaurant building located at Rocky Mount, NC. The property is of concrete/masonry construction located on a 41,818 square feet commercially zoned site.
The investor purchased the property in May 2015. The purpose of the loan is to provide a cash-out refinance to the investor. The cash-out portion of the loan proceeds of $897,500 will go towards the acquisition of an investment property in Nashville, Tennessee.
Loan Amount | $2,250,000 |
Loan Purpose | Refinance |
Loan Type | Retail |
Project Date | November 15, 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.