Issak MT Retail
A $2,000,000 cash-out refinance loan was closed on Thursday September 9th, 2021.
The loan will be used to refinance a multi-tenant retail property located in Los Angeles, CA. The property is an excellent investment consists of two buildings with a total of 9,487 square feet and it is currently occupied 100.0%, which is above the stabilized occupancy level.
The two buildings were built in 1948 & 1960 respectively in an area that has experienced a great amount of development in recent years and considered as a gateway between Downtown Los Angles and the Westside.
Loan Details
| Location | Los Angeles, California |
| Loan Amount | $2,000,000 |
| Loan Type | Retail |
| Loan Purpose | Cash-Out Refinance |
| Project Date | September 9, 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.
