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Avatar Financial Provides Bridge Loan for Two Oregon RV Parks
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Avatar Financial Provides Bridge Loan for Two Oregon RV Parks
Avatar Financial Group LLC has funded a $ 4.37 million bridge loan secured by two income-producing RV parks located in Coos Bay and Boardman, Oregon. Structured with a two-year term and a combined net loan-to-value ratio of 44%, the financing was used to refinance existing debt and provide the sponsor with cash-out proceeds to renovate other properties in their broader portfolio. The borrower is an experienced operator of mobile homes and RV par…
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