11,000 SF Office Building

Avana Companies are pleased to announce the closing of $1,584,096 refinance loan. The investor requested the amount to refinance a loan on an office building located in Ann Arbor, MI.

The investor has owned the property since 2015 and was seeking a loan with a lower interest rate and monthly payments. The property is a low-rise office building built on an 11,000 square feet area and it is currently 100% by a single tenant.

Loan Details

Loan Amount
1,584,096
Loan Type
Office
Loan Purpose
Cash-Out Refinance
Project Date
10/29/2021
ESG Rating
3