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March 27, 2025
Avatar loans $10M for California project
Based here in Seattle, Avatar Financial Group provides or arranges financing all around the county. It recently announced the provision of a $10.1 million bridge loan in La Jolla, California. The borrower refinanced old debt for a luxury home now under construction. The new financing carries a two-year term at a 10.5% initial rate and a 44% loan-to-value. Avatar's T.R. Hazelrigg IV said in a statement, “This financing allows an experienced developer to complete a best-in-class home in a premier location, ensuring it reaches its full market potential.”