Seattle-based Avatar Financial Group LLC, a national hard money bridge lender for commercial real estate, recently closed a $4.8 million bridge loan for The Club at Treasure Island in Florida. The borrower, TIY & TC, LLC used the funds to acquire the waterfront tennis and yacht club.
The fixed-rate loan has an 18-month term and is interest-only. It represents 57% of the property’s expected value upon stabilization. TIY & TC plans to increase cash flow by raising marina rents and leasing out the clubhouse to a third-party operator.
“We are proud to be part of preserving The Club as a top destination for both residents and visitors,” stated T.R. Hazelrigg IV , President & Co-Founder of Avatar Financial.
The site spans over 7 acres on land owned by the State of Florida with an additional 1.5 acres underwater leased until September 2028 by TIY & TC . Located at400 Treasure Island Causeway,the property features wet slips, tennis courts,a large swimming pool,and a spacious clubhouse spanning over39,000 square feet .
This recent transaction showcases Avatar Financial’s expertise in providing financing solutions for commercial real estate projects across different states without compromising on quality or service standards.
!["Teladoc Health Moves Headquarters to Marx Realty Tower from Westchester" # 2006 AMC 12B Problems/Problem 6. (Redirected from 2006 AMC 12B Problem 6) ## Problem. A circle of radius $r$ is inscribed in a right triangle with sides $3$, $4$, and $5$ so that the circle is tangent to both legs. What is the value of $r$? $text {(A) } frac{3}{2} qquad text {(B) } frac{4}{3} qquad text {(C) } frac{5}{4} qquad text {(D) } frac{12}{5} qquad text {(E) } frac{5}{2}$ ## Solution. [asy] unitsize(0.5cm); defaultpen(0.8); pair A=(0,0), B=(4,0), C=(4,3), D=(0,3), E=(4/5,3/5), F=(3,0), G=(0,4), H=(0,5), I=(3,4), J=(](https://cremarketbeat.com/wp-content/uploads/2025/01/10-Grand-Central-7866-Edit-1.jpg)
