We follow a thorough seven-stage method, from the loan origination to disbursal. This allows us to optimize for efficiency and effectiveness in our loan process. Our goal is to provide quick and easy access to loans for individuals and businesses in need.
Our first stage of the loan process is the initial application. This is where users can submit their basic personal and financial information through our online form. We understand the importance of privacy and security, which is why we use top-of-the-line encryption technology to protect your data.
Once your application has been submitted, our team will review it within 24 hours. We take into consideration various factors such as credit score, income, and collateral in order to determine the best loan options for each individual.
Next comes the pre-approval stage. If your application meets our criteria, we will send you a pre-approval letter outlining the terms and conditions of your potential loan.
AVANA CUSO’s strong investment ethos is reflected in our portfolio. We currently hold 169 active loans with a total original loan amount of $620MM against a total appraised collateral of $971MM.
| Parameter | Original Note Amount | Current Note Balance | Collateral Value | LTV | Loan Terms (months) | Interest Rate |
|---|---|---|---|---|---|---|
| Total | $620,085,047 | $556,068,172 | $971,064,225 | Various | Various | Various |
| Mean | $4,133,900 | $3,707,121 | $6,473,762 | 54% | 111 | 5.21% |
| Median | $2,445,000 | $2,133,551 | $4,465,000 | 60% | 120 | 4.50% |
AVANA CUSO is one of the most seasoned credit union service organizations (CUSO) focused on commercial real estate. Established in 1998.
