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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 |
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.