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June 20, 2025
Local lender Avatar Financial Group places loans all around the county. One recently announced example came in Corpus Christi, Texas. There, Avatar sourced an over $11.2 million bridge loan to the owners of the Latitude Apartments, a large 21-unit complex. The two-year loan has a nearly 11% interest rate. Avatar's said T.R. Hazelrigg IV said in a statement, “Our loan enabled the borrower to finish what they started — transforming an aging multifamily asset into a vibrant, income-producing community. We're proud to support the final leg of that journey.” Renovations are nearly complete, says Avatar.