Andrew Jubelt

Andrew Jubelt and Avant Capital Partners provides commercial mortgages for stabilized

and in-transition investment properties nationwide. They offer permanent financing solutions for stabilized assets and bridge or interim loans for properties that are in-transition.

Avant Capital Partners is pleased to announce the origination of a $1,300,000 bridge loan for a four-story, fully stabilized, mixed-use building located in the Brooklyn Heights neighborhood of New York City.

What is a bridge loan?

A bridge loan is interim financing for an individual or business until permanent financing or the next stage of financing is obtained and are often used for commercial real estate purchases to quickly close on a property, retrieve real estate from foreclosure, or take advantage of a short-term opportunity in order to secure long-term financing.

Why Brooklyn Heights?

The property is located on a tree-lined residential street in Brooklyn Heights, an established neighborhood adjacent to Downtown Brooklyn. It offers direct access to Manhattan, located just a quarter-mile away from the Borough Hall subway stop that serves the 2, 3, 4, 5 and R trains, and is less than a mile away from the Brooklyn Bridge.

Built circa 1901, the property sports a façade of red brick with decorative black molding at the crown of the roof. It contains a net rent-able area of 4,430 square feet, of which 3,830 square feet are above grade, and is currently divided among one medical office duplex unit and two duplex apartment units with terraces.

In addition to historical charm and direct access to the employment, cultural, and entertainment opportunities available in Manhattan, residential rents in Brooklyn Heights are about 30% lower than in Downtown Manhattan. Demand for residential and commercial real estate in Brooklyn is strong, with high occupancy and increasing rents, making the area the perfect investment locale.

Why Andrew Julbelt and Avant Capital Partners?

Avant Capital Partners is a balance sheet bridge lending firm, securing loans for commercial real estate located in New York, Connecticut, and other Northeast Corridor markets. Avant’s bridge lending program assists developers in capitalizing on time-sensitive and other non-

Contact Andrew Jubelt at ajubelt@avant-capital.com or at (212) 231-9779 to discuss financing for land acquisition and development, as well as construction of residential housing and commercial properties.