- Loan Amount: $2,000,000
- LTV: 30%
- Interest Rate: 5.99% Charged to Borrower for 6 months, 7.99%
- Term: Term: 1 year
Description
Avatar provided a $4.6 million loan for a 100-room hotel in Portage, Indiana. Avatar’s loan refinanced the debt and provided the borrower time to stabilize the property until travel returned to normal following the restrictions due to the pandemic. The borrower completed a $700,000 renovation to the property. Additionally, the two-year loan was placed in special servicing during the COVID-19 pandemic and was eventually placed into default.
- Location: Oceanside, CA
This style property is located in Zionsville is currently and has been listed on Avatar Financial Group. This property is listed at . It has bedrooms, bathrooms, and is . The property was built in year.
RECENT CLOSINGS
