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Avatar Furnishes Bridge Loan on Fully Leased Santa Ana Warehouse
Avatar Financial Group LLC provided a $4.75-million bridge loan secured by a fully leased warehouse and distribution building in Santa Ana. The two-year, first-lien loan was originated at approximately 60% loan-to-value. The financing replaced two loans with one, retiring the property’s existing first mortgage along with a junior loan that had passed its maturity date. ...
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