**Avatar Financial Group Closes $7.4M Bridge Loan for Ripon Industrial and Rocklin Parcel**
Avatar Financial Group LLC has successfully closed a $7.4 million bridge loan secured by a multi-parcel industrial asset in Ripon and a residential development site in Rocklin, located outside Sacramento. The financing, structured with a two-year term, a 43% combined loan-to-value (LTV), and an initial interest rate of 11.50%, provides the borrower with a strategic solution to refinance maturing debt while facilitating a long-term business transition.
The primary asset securing the loan is a 105,550-square-foot industrial property at 222 E. 4th St. in Ripon. With existing loans maturing, the sponsor—a long-established steel and industrial equipment manufacturer—required flexible capital to bridge the gap before executing a planned sale-leaseback and relocating operations to Illinois.
Avatar structured the loan to include a first lien on both the Ripon industrial property and the Rocklin parcel, which is owned by an affiliated co-borrower. The Rocklin site, entitled for 48 single-family lots, is currently in negotiations for sale.
“This is exactly the type of complex financing that traditional lenders won’t touch—but it’s where we thrive,” said T.R. Hazelrigg IV, president of Avatar Financial Group.
