Jerry Zevenbergen Of Avatar Financial Group Provides $3.1 Million Bridge Loan For Dallas Retail Asset

The transaction involved a retail asset located at 3924 West Red Bird Lane in Dallas. The lender for the deal was Jerry Zevenbergen from Avatar Financial Group, who provided a bridge loan to facilitate the purchase and stabilization of a Texaco gas station and convenience store. The loan amount was $3,100,000, with a two-year term and an interest rate of 11.5%.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $3,100,000
• Lender: Jerry Zevenbergen - Avatar Financial Group
• Loan Type: Bridge
• Loan Terms: Two-year

This loan will assist the borrower in acquiring another service station prior to refinancing, contingent upon the stabilization of the new asset. Avatar Financial Group played a crucial role in enabling this transaction through their financial support.