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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 |
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