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Avana companies recently closed a $1,155,220 cash-out refinance loan with a significant client. The loan will be used to refinance a multi-tenant retail shopping center in Napa, CA.
The property’s total area is 19,156 square feet and it is 100% occupied. It was built in 1910 and renovated over the years. Currently, there are three retail buildings on site, two of which are auto service and the third is a mix of auto service and retail shop space.
Napa is the largest city and county seat of Napa County and the principal city of Wine Country in Northern California. It is located in the North Bay region of the Bay Area. Napa is a major tourist destination in California, known for its wineries, restaurants, and arts culture.
| Loan Amount | $1,155,220 |
| Loan Purpose | Cash-Out Refinance |
| Loan Type | Mixed Use |
| Project Date | December 10, 2021 |