On November 20, 2021, Avana Companies and an individual investor based in Florida closed a 1,200,000 Cash-out Refinance Loan. The loan funds will be used by the investor to refinance a property in St. Petersburg, FL.
The beautiful property is a Multifamily 12-unit Apartment Complex built in 1948. It is built on 0.24 acres of land with a total building size of 7,090 square feet. The property was initially purchased by the investor on August 31, 2021, and it is 100% occupied.
Loan Details
| Location | St. Petersburg, Florida |
| Loan Amount | $1,200,000 |
| Loan Type | Multi-Family |
| Loan Purpose | Cash-Out Refinance |
| Project Date | 11/20/2021 |
