Andrew Jubelt and Avant Capital Partners Completes Refinance of Grocery in Memphis Tennessee
Mr. Jubelt is
a Principal at Avant Capital Partners, a commercial real estate lender and
capital adviser. The company provides commercial mortgages for stabilized and
in-transition investment and owner occupied properties nationwide. He and Avant
Capital Partners offer permanent financing solutions for stabilized assets and
bridge or interim loans for properties that are in-transition.
AVANT Capital Partners has successfully closed a $6,500,000
conventional loan secured by a 185,600 square foot grocery anchored retail
center in Memphis, TN. AVANT Capital Partners completed the loan to refinance
the property at an improved interest rate, and provided cash-out to the
borrower.
The property is located in a sub-market
characterized by high vacancy; however, it shows strong occupancy due to a
tenant mix that is well suited to the needs of the local community. Many
competing retail properties just east and west of the property are largely
vacant, primarily due to vacant big box or anchor spaces that have been left by
struggling or failed retailers that entered the market when the area was
heavily overbuilt. Many of these tenants either went out of business or left
over time. This being said, most of the properties that are largely vacant are
no longer viable retail centers and have not been for some time.
Andrew Jubelt and AVANT Capital Partners
had an outstanding fourth quarter - and the pipeline of deals for 2013 is also
looking busy. They are offering bridge and conventional financing on
deals ranging from $500,000 to $10,000,000.
The response to these lending programs has been consistently strong.
Contact
Andy Jubelt at (212) 23109779 or email Avant Capital Partners at
info@avcapital.net to learn more about refinancing commercial real estate.
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