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August 1, 2024
Avatar places NoCal loan
Based here in Seattle, Avatar Financial Group makes loans all around the country. And in a recently announced $6.4 million deal, it has aided in the future renovation of a 44-room hotel in the Sonoma region of Northern California, near Bodega Bay. The new bridge loan carries a 2.5-year term. Avatar has worked with the owner of the nearly four-decade-old Bodega Coast Inn & Suites before. Avatar's T.R. Hazelrigg IV said in a statement, “Our borrower is an experienced investor that's recently wrapped up a similar overhaul on a San Diego boutique hotel. We look forward to seeing a repeat of that success with this property.”