AVANT Capital Is Pleased To Announce An Enhanced Pricing Structure For Transitional Properties With In-Place Cash Flow Under Its Bridge Lending Platform.
New enhanced pricing structure for transitional properties with in-place cash flow under is now being offered under Avant Capital Partner's bridge lending platform.
- (1888PressRelease) July 21, 2012 - AVANT Capital 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 lending program offers competitive bridge loan rates, interest-only payments & quick closings.
AVANT Capital's new risk adjusted pricing model (Tier 1) is reserved for established sponsorship groups conducting lighter value add projects and those with in-place cash flow. AVANT Capital is still seeking construction completion, vacant properties, discounted payoffs, note purchases, development sites (in NYC & LA), distressed projects and similar situations at our standard pricing (now Tier 2).
Tier 1 Bridge Loans
• Transaction size: $5m to $30m
• Location: NYC, Southern California and other select markets
• Sponsorship: High quality sponsors with track record, liquidity and substantial equity in the deal
• Deal type: Some in place cash flow required where the exit is conventional or agency refinance
• Pricing: 8.75% to 11.00%.
Tier 2 Bridge Loans
• Transaction size: $1m to $30m
• Location: NYC, Southern California and other select markets
• Deal type: High value-add transactions including vacant property, development, construction completion, discounted payoffs and note purchases
• Pricing: 11.00% to 14.00%
AVANT Capital is an established leader in the commercial real estate bridge lending community. The bridge lending program is focused upon NY, CT and southern CA but strong projects in major markets nationwide are considered.
Many of the loan requests we consider fall under the following categories:
• Quick closings for opportunistic acquisitions
• Refinance unencumbered real estate quickly to gain equity for opportunistic acquisitions
• Discounted note purchases/short pays
• Partner buyouts
• Recapitalization of under-water assets
• Construction completion.
For more information about AVANT Capital Partners, please contact:
Adam Luysterborghs
Managing Principal
(212) 231-9782
AVANT Capital Partners is a direct commercial real estate lender and capital advisor. The company provides commercial mortgages for stabilized and in-transition investment and owner occupied properties nationwide. They offer permanent financing solutions for stabilized assets and bridge or interim loans for properties that are in-transition.
AVANT Capital Partners is a commercial real estate lender and capital advisory firm with offices in Greenwich, New York & Dallas. The company also maintains an origination presence in Buffalo, Bridgeport, Scottsdale, Miami and Chicago.
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