Avant Capital Originates $9-Million Bridge Loan on Industrial Property in San Bernardino County, California
San Bernardino County, Calif.—January 16, 2023— Avant Capital (Avant), a leading Connecticut based commercial real estate bridge lender, today announced it has originated a $9 million bridge loan, secured by a 68,000-square-foot industrial property in San Bernardino County, Calif. The property was originally constructed in 1992 and was vacant at the time of acquisition. The industrial market in southern California has continued to benefit from broad based investor and owner/user interest, which is reflected in the low vacancy and increasing rents. The sponsorship group is an experienced merchant builder with a national footprint, including industrial and retail projects. The purpose of the loan was to recapitalize the property, payoff seller financing and provide time for the newly leased property to be marketed for sale. Adam [...]
Avant Capital originates $4.85-million bridge loan on apartment property in San Antonio, Texas
San Antonio, Texas—January 11, 2023— Avant Capital (Avant), a leading Connecticut based commercial real estate bridge lender, today announced it has originated a $4,850,000 bridge loan, secured by the newly constructed property known as “Hacienda del Rio.” The property includes 17 residential and six commercial units in Helotes, Texas, which is a northwest suburb of San Antonio. The property design incorporates a live-work model, where certain units include dedicated commercial workspaces, while other exclusively residential units sit above low-impact commercial space. Most units have a dedicated garage space directly accessible from their unit. Finishings are condo quality and incorporate thoughtfully selected luxury materials and appliances. The purpose of [...]
Avant Capital originates $12.45 million bridge loan on retail center in Atwater, Ca
Atwater, Calif.—September 21, 2021— Avant Capital (Avant), a leading commercial real estate bridge lender based in Westport, Connecticut, has originated a $12.45 million bridge loan, secured by a 96,244-square foot grocery-anchored retail center, the Atwater Marketplace, in Atwater, California. Constructed in 2007, the property is a stabilized asset that is 100% leased with 21 tenants and has exhibited consistent cash flow over the past three years. At closing, the center was under contract for $16.6 million, and the loan provided funds for the acquisition. The loan was structured to permit the borrower to sell off individual parcels to maximize his return on investment. The sponsor plans to keep [...]
Avant Capital originates $22-million bridge loan On blvd 2500 in Albuquerque, New Mexico
Avant Capital today announced it has originated a $22,000,000 bridge loan on the former Wyndham Hotel. Rhino Investment Group, the sponsor, is re-developing the property as part of a master re-development project from hotel to multifamily and retail. The Avant loan is secured by 297 residential units and over 12,400 commercial square-feet in Albuquerque, New Mexico.
Avant Capital originates $24-million bridge loan on showboat hotel & casino in Atlantic City
Atlantic City, NJ—May 2, 2022— Avant Capital (Avant), a leading commercial real estate bridge lender, today announced it has originated a $24-million bridge loan, on one of the three towers comprising the former Showboat Hotel & Casino. The Showboat Hotel & Casino was acquired by Tower Investments, LLC, the sponsors, as part of a master planned re-development project. The Avant loan is secured by a 255- unit residential tower in Atlantic City. The former Showboat Hotel and Casino closed its doors in 2014. The tower that Avant financed was converted from 514 hotel rooms to 255 multifamily apartment units and is now known as The Showboat Residences. The [...]
Investing in Real Estate with Adam Luysterborghs of Avant Capital
Adam Luysterborghs joins Yieldstreet to discuss investing in real estate in their latest podcast episode. Real estate continues to offer attractive ROIs for investors, but where might some of the better-performing investors be focusing their attention in today's real estate market? In this episode, Mitch Rosen, Senior Director of Real Estate at Yieldstreet and Adam Luysterborghs, Managing Partner at Avant Capital join up for a conversation about investing in real estate. Mitch and Adam discuss NYC versus pro-growth America real estate, supply disruptions and transitory inflation, and the non-performing loan market.
Amy Cheng Park announced as the REFF Member of the Year
Amy has been the fearless leader of the REFF Mums group for a couple of years now. Throughout COVID, she didn’t miss a beat and regularly reached out to the REFF Mums to provide an open forum for discussion during a very difficult time with children all at home.
Avant Capital announces Programmatic Joint Venture for Commercial Real Estate Bridge Loans Nationwide
Avant Capital Partners (“Avant”), a leading private commercial real estate lender, has reached agreement to create a programmatic joint venture with a Connecticut based investment management platform with assets under management in excess of $10 billion (the “platform”). The platform is an active investor across several credit strategies, including real estate debt, and has tapped Avant to originate, underwrite, close and manage loan investments from $5 million to $75 million on a nationwide basis. Under Avant’s platform, the venture will originate bridge loans secured by property types that include multi-family, light industrial, warehouse, office and select hospitality and retail. The loan program is designed to finance properties that are being repositioned, newly constructed [...]
Avant Capital originates Bridge Loan in Chino Hills, Ca
Chino Hills, CA—March 31, 2021— Avant Capital (Avant), a leading commercial real estate bridge lender, has originated a $8,250,000 bridge loan secured by a 73,610-SF industrial warehouse property located at 5075 Edison Avenue, Chino Hills, CA. Avant was able to fund the loan within four days from receiving a signed term sheet. Property is well situated just east of the border of San Bernardino and Los Angeles Counties and near major transportation accessways. The vacancy rate in Chino Hills is at a low 1.1%. There is strong demand in the area as fewer warehouses and distribution centers have been built in the area over the past ten years [...]