Andrew Jubelt

Andrew Jubelt is an experienced developer, owner and operator of commercial real estate including more than 10,000 multifamily and senior housing units. His experience includes over 25 years of financing, development, ground-up construction and property management of medium to large-scale projects nationwide.

Mr. Jubelt is a principal at AVANT Capital Partners, bringing his years of broad based experience to offering 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. AVANT Capital Partners offers competitive bridge loan rates, interest-only periods, quick closings & aggressive underwriting.

But what exactly is a bridge loan and how does it differ from other real estate loans?

When a home or other potential real estate purchaser is buying an additional property before selling an existing property, there are two common methods to fund the down payment for the new property: either a home equity loan / line of credit, or a bridge loan which literally “bridges” the gap between the two transactions. Bridge loans then are temporary loans secured to the buyer's existing home. The funds from the bridge loan are used as a down payment on the second property.

Although a home equity loan is less expensive, the bridge loan has other benefits for many buyers that make it attractive for many buyers:

Home Buying Benefits of Bridge Loans

•         The buyer can immediately put a home on the market without restrictions.

•         Bridge loans may not require monthly payments for a few months.

•         If the buyer has made a contingent offer to buy and the seller issues a Notice to Perform, the buyer can remove the contingency to sell and still move forward with the purchase.

Home Buying Drawbacks of Bridge Loans

•         Bridge loans cost more than home equity loans.

•         Buyers will be qualified by the lender to own two homes and many will not meet this requirement.

•         Making two mortgage payments, plus accruing interest on a bridge loan, could stretch many lenders to the financial breaking point.

Andrew Jubelt and Avant Capital Partners offer competitive bridge loan rates, interest-only periods, quick closings and aggressive underwriting. Please contact Andy Jubelt at (212) 23109779 or email Avant Capital Partners at info@avcapital.net to learn more.