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On November 20, 2021, Avana Companies and an individual investor based in Florida closed a 1,200,000 Cash-out Refinance Loan. The loan funds will be used by the investor to refinance a property in St. Petersburg, FL.
The beautiful property is a Multifamily 12-unit Apartment Complex built in 1948. It is built on 0.24 acres of land with a total building size of 7,090 square feet. The property was initially purchased by the investor on August 31, 2021, and it is 100% occupied.
| Loan Amount | $1,200,000 |
| Loan Purpose | Cash-Out Refinance |
| Loan Type | Multi-Family |
| Project Date | November 20, 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.