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Avana Companies closed a $4.55 million cash-out refinance loan with well known investment group. The loan is secured by 6, 2-story multi-family residential buildings with a total of 100 units located in Las Vegas, NV.
The property was constructed in two phases with the first phase completed in 1983 and the second phase in 1995. The current owner purchased the property in 2015. The property was extensively renovated between 2016 and 2019.
| Loan Amount | $10,750,000 |
| Loan Purpose | Cash-Out Refinance |
| Loan Type | Multi-Family |
| Project Date | October 27, 2021 |