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Avatar Financial Provides $11M for Three IL Gas Stations
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Avatar Financial Provides $11M for Three IL Gas Stations
Avatar Financial Group LLC has funded a $11.125 million bridge loan secured by three operating gas stations in the Chicago metropolitan area. Structured at 61% loan-to-value with a two-year interest-only term, the loan enables the sponsor, a large fuel station and convenience store operator, to refinance maturing debt and release a fourth property that had previously been cross-collateralized with the subject assets. All operating under the BP b…
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