AVANT Capital Bridge: $200M Origination Target for 2013 Announced
Andy 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, a real estate investment bank, advisory
firm and correspondent lender for several institutional investors.
After seven years, AVANT is pleased to announce it’s 2013-origination
target of $200 million. Avant’s nationwide bridge lending program applies to
projects from one to thirty million dollars and is focused on New York, Connecticut
and Florida and California markets.
The commercial bridge loan program meets the needs of
borrowers purchasing or holding properties being repositioned, re-tenanted,
improved or otherwise redeveloped.
Investment officers are currently evaluating value-added
projects such as construction completion, discounted no-payoffs, renovation
projects, quick close opportunities and other non-bankable transaction types.
AVANT offers competitive bridge loan rates, interest only payments
and certainty of execution for loan requests that meet AVANT’s guidelines.
These basic guidelines include, but are not limited to:
·
Fixed interest rates from 8.00% to 14.00%
·
Loan fees from 2.00% to 4.00%
·
Up to 65% LTV
·
12 to 36 month terms, with extensions
·
Property types considered include
multifamily, condo, industrial, office, retail and
development sites.
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For more information on AVANT’s bridge loan program, watch this video.
Avant Capital Partners offers a broad range of loan programs
that can provide your clients with the commercial real estate funding they
need. Contact Andrew Julbelt at
ajubelt@avant-capital.com or call at (212) 231-9779 for more information.
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