**Avatar Financial Group Funds $12.58M Bridge Loan for Industrial Property in Eugene, Oregon**
Avatar Financial Group LLC has announced the funding of a $12.58 million bridge loan for an industrial property located at 311 Chambers Street in Eugene, Oregon. The financing features a 10.99% initial interest rate, a 65% loan-to-value ratio, and a 24-month term.
The 10.5-acre property, situated in West Eugene’s industrial corridor, includes seven buildings totaling approximately 220,000 square feet. The swift funding solution enabled the sponsor to acquire the property quickly, despite it being vacant at the time of purchase. The facility has since secured a lease with a major national pharmacy chain, which is using it for storage and light manufacturing operations.
Thanks to its strategic location and upgraded condition, the asset is well-positioned for both near-term rental income and long-term value growth.
“This deal is a great example of what happens when urgency, vision, and local insight come together,” said T.R. Hazelrigg IV, President of Avatar Financial Group. “We moved quickly to underwrite a vacant property based on real-world tenant interest and market fundamentals, allowing the sponsor to act decisively and create value from day one.”
