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Recently Closed Transaction
Scott Unger
Avatar Financial Group
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Loan Summary
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Loan Type:
Property Type:
Location:
Loan Amount:
Term:
| | Bridge Loan
Business Park
Mill Valley, WA
$1,500,000
1 Year |
| Scenario: Our Sponsor needed a quick short-term bridge loan to buy out a partner and retire a loan that had ballooned. The Sponsor's alternative would have been to sell the property. This 32,000 s.f. property is stable and 95% occupied. The balloon caused a default so conventional financing was not an option. We provided funds for the payoff, 6 months of interest reserve, fees & costs as well as a small cash-out. |
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Bridge & Hard Money Loans
Direct Private Lender on Commercial Property Nationwide
- Debt restructuring or pay downs
- Acquisition of properties or portfolios
- Transitional properties
- Defaulted note purchases
Scott Unger 
(310) 850-4044
scott@avatarfinancial.com
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