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Avatar Closes Bridge Loan on Ripon Industrial, Rocklin Parcel - Connect CRE

Summary by Connect CRE
Avatar Financial Group LLC has closed on a $7.4-million bridge loan secured by a multi-parcel industrial asset in Ripon and a residential development site in Rocklin, outside Sacramento. The financing, structured with a two-year term, 43% combined LTV and initial interest rate of 11.50%, offers the borrower a strategic solution to refinance maturing debt while executing a long-term business transition. The primary asset securing the loan is a 10…
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Avatar Closes Bridge Loan on Ripon Industrial, Rocklin Parcel - Connect CRE

Avatar Financial Group LLC has closed on a $7.4-million bridge loan secured by a multi-parcel industrial asset in Ripon and a residential development site in Rocklin, outside Sacramento. The financing, structured with a two-year term, 43% combined LTV and initial interest rate of 11.50%, offers the borrower a strategic solution to refinance maturing debt while executing a long-term business transition. The primary asset securing the loan is a 10…

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Connect CRE broke the news in on Tuesday, February 25, 2025.
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