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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 |