**Avatar Financial Group Funds $11.1M Bridge Loan for Three Illinois Gas Stations**
Avatar Financial Group LLC has funded an $11.125 million bridge loan secured by three operating gas stations located in the Chicago metropolitan area.
Structured at 61% loan-to-value with a two-year, interest-only term, the loan enables the sponsor—a major fuel station and convenience store operator—to refinance maturing debt and release a fourth property that was previously cross-collateralized with the subject assets. All three gas stations operate under the BP brand and are located at:
– 470 Dundee Avenue, Elgin
– 860 W. Army Trail Road, Carol Stream
– 1100 W. Stearns Road, Bartlett
Each of the locations is fully operational and generating consistent cash flow.
“Our borrower needed a fast solution to refinance out of a maturing, cross-collateralized structure, freeing up a separate property for disposition or refinance,” said T.R. Hazelrigg IV, President and Co-Founder of Avatar Financial Group. “We understood the urgency and stepped in with capital that unlocked the next phase of the plan.”
