Andrew Jubelt: Experienced Developer
Andrew Jubelt is an experienced developer, owner and
operator of commercial estate and is a Principal at AVANT Capital Partners. He
brings his years of broad based experience to the process of acquisition
financing and recapitalization of under-water projects to this real estate
advisory firm and lender.
AVANT Capital prefers
land entitled for residential-focused, mixed-use developments in gateway
markets. Loans are $2M to $10M and 9% to 11% rates. Leverage is between 50% and
60%.
For example, this passed summer AVANT Capital Partners
originated a $2.5 million bridge loan, secured by a development site, in
Manhattan, New York. The site is approved for the development of a seven-story
mixed-use condo building. The 18-month loan carries an interest rate of 10%.
The site, located on the Lower East Side, lies on Grand Street, between Orchard
and Ludlow Streets.
Construction is expected to commence at the site in the very
near future, as approved architectural plans were already in place at the time
of the procurement. When completed, the site will have two retail units and 20
residential condo units. The property sits on a 4,369 square foot lot and has
rights to construct 18,693 buildable square foot.
Are you interested in securing financing for a stabilized or
transitional commercial real estate nationwide? Contact Andy Jubelt at (212) 23109779 or email Avant Capital Partners at
info@avcapital.net to learn more about refinancing your commercial real estate.
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