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 Details
Location | Ann Arbor, MI |
Loan Amount | $1,584,096 |
Loan Type | Office |
Loan Purpose | Cash-Out Refinance |
Project Date | 10/29/2021 |