A Member of AVANA Companies Family
AVANA CUSO successfully closed a $1.078 million cash-out refinance loan set to mature on November 1, 2029. The loan proceeds included funds to cover origination fees and reimburse previous expenses. It is secured by a 41-room independent hotel in Leadville, Colorado, built in 1998 and acquired by the current owners in 2004 through an arm’s-length transaction. The property is owned and managed by the borrowers through a wholly owned operating company, which also acts as the corporate guarantor.
Loan Amount:
$10,750,000
Location:
Las Vegas, NV
Project Date:
October 25, 2021
Property Type:
Multi-Family
Loan Purpose:
Refinance
About AVANA CUSO
AVANA CUSO is an experienced credit union service organization focused on commercial real estate lending. Through end-to-end service and technology investment, we support credit unions by connecting them with commercial real estate entrepreneurs, brokers, and small business owners.
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