Andrew Jubelt and Commercial Bridge Loans
Andrew Jubelt is
a Principal at Avant Capital Partners, a commercial real estate bridge lender
focused upon financing transitional commercial real estate, from $1,000,000 to
$10,000,000, for properties located on the east coast between Washington DC and
Boston. Mr. Jubelt and Avant Capital Partners offer permanent financing
solutions for stabilized assets and bridge or interim loans for properties that
are in-transition.
How can Andrew Jubelt
and Avant Capital Partners help?
Avant Capital
Partners offers bridge loans to meet the needs of borrowers purchasing
or holding properties that are being re-positioned, re-tenanted, improved or
otherwise redeveloped, with a clear exit strategy for loan repayment. This
direct lending program offers competitive bridge loan rates, interest-only
payments & quick closings. Benefits include:
•
Quick closings for opportunistic acquisitions;
•
Refinance unencumbered real estate quickly to gain
equity for opportunistic
Acquisitions;
•
Discounted note purchases and/or
recapitalizations of under-water assets;
•
Construction completion;
•
Condo inventory loans;
•
Development site acquisition.
What Is a Bridge Loan?
A bridge loan is a type of short-term loan intended to
bridge the gap between two longer-term financing loans. Companies use bridge
loans when necessary to cover capital shortfalls that may otherwise occur when
the company must repay one loan before it has had time to obtain a new
long-term loan.
How does a bridge
loan work?
The current property is utilized as collateral for the
bridge loan, and in some cases, a lien is also placed on the new
property. The term of the bridge loan can vary from one week to twelve months.
Principal and accrued interest on the bridge loan is paid in
full when the current property is sold and settlement occurs. The buyer has the
option to make monthly interest payments during the term of the loan, or at
maturity in the case of a short-term loan (when the home is sold).
Fully executed copies of the sales agreements are provided
to the financial institution to verify that the existing property settlement
will occur. It is important to review the sales contract to determine that the
contract for the sale of the existing property is contingency-free.
Advantages of a
commercial bridge loan
Companies can generally more easily qualify for a bridge
loan than for more long-term financing options. Lenders involved in the bridge
loan industry understand that bridge loans simply provide gap financing and are
not long-term solutions for the businesses, which means companies are generally
more willing to pay a higher interest rate or higher loan origination fees.
Bridge loan lenders customize bridge loans to suit a variety of different needs
for businesses. The whole idea behind a bridge loan is that it is easy and
quick to obtain, unlike a traditional long-term commercial loan.
Are you interested in securing a commercial bridge loan?
Contact Andy Jubelt at (212)
231-9779 or email him at ajubelt@avant-capital.com
for more information.
About the Author
1 comments
Permit me to introduce you to LE-MERIDIAN FUNDING SERVICES. We are directly into pure loan and project(s) financing in terms of investment. We provide financing solutions to private/companies seeking access to funds in the capital markets i.e. oil and gas, real estate, renewable energy, Pharmaceuticals, Health Care, transportation, construction, hotels and etc. We can finance up to the amount of $900,000,000.000 (Nine Hundred Million Dollars) in any region of the world as long as our 1.9% ROI can be guaranteed on the projects.
ReplyDeleteLe-Meridian Funding Service.
(60 Piccadilly, Mayfair, London W1J 0BH, UK) Email Contact Info...lfdsloans@lemeridianfds.com