Avatar Financial Group, LLC


[Total: 21    Average: 3.1/5]


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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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