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Avana Companies are pleased to announce the closing of $1,584,096 refinance loan. The investor requested the amount to refinance a loan on an office building located in Ann Arbor, MI.
The investor has owned the property since 2015 and was seeking a loan with a lower interest rate and monthly payments. The property is a low-rise office building built on an 11,000 square feet area and it is currently 100% by a single tenant.
Loan Amount | $1,584,096 |
Loan Purpose | Cash-Out Refinance |
Loan Type | Office |
Project Date | October 29, 2021 |