by Rob SimoglouJanuary 11, 2012
Avant Capital Partners closed Bridge Loans in New York, Florida, Texas, Connecticut.
Avant Capital Partners (AVANT), a leading Greenwich CT based lender, closed a series of bridge loans in the 2nd & 3rd quarters of 2011. AVANT is a direct lender in the bridge loan space doing deals from $1,000,000 to $15,000,000 in target markets. The company is focused upon lending within the northeast corridor and major markets in Florida, Texas and California.
Avant Capital Partners offers bridge loans to meet the needs of borrowers purchasing or holding properties that are being repositioned, re-tenanted, improved or otherwise redeveloped, with a clear exit strategy for loan repayment. This direct lending program offers competitive bridge loan rates, interest-only payments & quick closings.
The completed transactions include:
Acquisition loans to purchase bank owned, underperforming multifamily assets in Miami FL.
The recapitalization of various distressed multifamily and industrial assets in NY & CT.
The refinance of an existing bridge loan in Dallas TX.
“Our bridge lending capabilities are ideal for buyers of transitional assets,” says Adam Luysterborghs, AVANT’s Managing Principal. “While many assets can still be acquired at favorable pricing, financing is a challenging aspect for non-conforming transactions. Our program is designed to finance projects with a clear exit strategy for repayment and where timing to close is critical.”
“In many of these deals, timing constraints of the required closing date added a layer of urgency. Our ability to provide a swift and certain execution is due to our knowledge of the local market and our in-house underwriting and processing capabilities.” Luysterborghs continued.
To view Avant Capital Partners’ current bridge financing programs, please follow the link below:
About Avant Capital Partners – Avant Capital Partners is a capital advisor and lender for several institutional investors. The company provides commercial mortgages for stabilized and in-transition investment properties nationwide. They offer permanent financing solutions for stabilized assets and bridge or interim loans for properties that are in-transition. Avant Capital Partners originates commercial mortgages nationwide for multifamily, commercial and bridge loan transactions.
News Source: http://www.free-press-release.com/news-avant-capital-partners-closes-multiple-bridge-loans-in-ny-fl-tx-ct-1326315933.html
|Telphone:||781 577 6012|
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