Multi-Tenant Retail Project
AVANA worked with an Investor to finance the acquisition of a multi-Tenant retail property built in 2021. The property is located in Rockwall, Texas which is roughly 1 hour east of Dallas. The tenants of the property include a local telecom company office, a physical therapy office, a dental office, a nail salon, and a donut shop. Many of the businesses are well established in the local community.
The project was closed on September 2, 2021, and Avana Companies funded the $4,062,500 loan amount.
Loan Details
| Location | Rockwall, Texas |
| Loan Amount | $4,062,500 |
| Loan Type | Retail |
| Loan Purpose | Acquisition |
| Project Date | 11/20/2021 |
About AVANA CUSO
Established in 1998, AVANA CUSO is one of the most seasoned credit union service organizations (CUSO) with a focus on commercial real estate lending. Driving excellence through end-to-end customer service and our investments in technology, AVANA CUSO supports credit unions, including connecting them with commercial real estate entrepreneurs, brokers, and small business owners through participation lending.
Our mission is to help credit unions diversify their lending portfolios by expanding their lending programs beyond local communities, mitigating concentration risk while enhancing loan-to-share ratios.
Part of the AVANA Family of Companies, AVANA CUSO strives to improve communities by funding socially responsible projects that boost economic growth and foster job creation. AVANA CUSO is headquartered in Glendale, Arizona.
