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April 3, 2025

Avatar makes Manhattan Beach loan

Local shop Avatar Financial Group continues to make loans up and down the West Coast. It recently shared a $9.5 million example down in the beachside community of Manhattan Beach, California. The bridge loan carries a nine-month term, a nearly 11% initial interest rate and a 62% loan-to-value. It'll allow the luxury homebuilder more time to complete and sell a six-bedroom luxury home, encompassing 6,874 square feet, with a 10-car garage. Avatar's T.R. Hazelrigg IV explained, “With its premier location and high-quality construction, this property is well-positioned for a successful sale, and our loan structure gives the borrower the flexibility needed to maximize their outcome.”




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