Phone: 206-728-5900
Website: http://www.avatarfinancial.com/
Address: 1200 Westlake Ave N # 1006 Seattle, WA 98109
States They Lend in: All 50
Small Balance Bridge Loan
Loan Size:
From $1 Million to $4 Million
Location:
Urban and suburban US properties nationwide
Collateral:
NO LAND OR SINGLE FAMILY
Improved income producing commercial properties and multifamily apartments
Rates:
From 7.99% and 3 points
Terms:
Up to 3 years
Max LTV:
70%
Purchase:
Value is actual purchase price. If Borrower has 30+% cash down, we'll "stretch" the LTV max.
Refinance:
Value is based upon Avatar's opinion of the current market value. Our own review appraiser, along with a principal, will travel to visit each property.
Creative/Flexible:
Blanket loans; points and fees wrapped into the loan; multiple income sources considered.
Due Diligence:
A deposit of $5,000 - $15,000 is required upon acceptance of a term sheet. The deposit is credited against third party costs of underwriting: fair market value evaluation fee, inspections, site visit, legal costs, escrow, etc.
Large Balance Bridge and Mini-Perm
Loan Size:
From $4 Million to $25 Million
Location:
Nationwide urban and suburban markets with population of 250,000+
Collateral:
NO LAND OR SINGLE FAMILY
Improved income-producing commercial properties
Rates:
From 6.5% and 2-3 points
Terms:
Up to 5 years
Max LTV:
80% based on appraised value
Minimum FICO:
None
Due Diligence:
A deposit of $5,000-$30,000 is required upon acceptance of a term sheet.
The deposit is credited against third party costs of underwriting.
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