Andrew Jubelt is a Principal at Avant Capital Partners. Avant Capital offers bridge loans to meet the needs of borrowers purchasing or holding properties that are being repositioned, re-tenanted, improved or otherwise redeveloped and has recently originated a $3,275,000 bridge loan secured by a property located at the corner of Flatbush Avenue and Lincoln Road in the Prospect Lefferts Gardens neighborhood of Brooklyn, New York. The interest-only 24-month loan carries an interest rate of 8.00% and refinanced the first mortgage. 

Demand for residential and commercial real estate in Brooklyn is strong with high occupancy and increasing rents. Under-priced land and room for upward growth in rents is the magic formula that developers seek in the next hot neighborhood.  

“Prospect-Lefferts Gardens Is ‘On the Map’” ― New York Times, March 13, 2014

Prospect Lefferts Gardens, like much of Brooklyn, is undergoing a rapid demographic change. New residential developments are attracting residents from Manhattan who enjoy more affordable rents, proximity to the 585-acre Prospect Park and public transposition access to Manhattan via the B, Q, 2 and 5 trains. Residential rents in Prospect Lefferts Gardens are about 50% lower than in Manhattan. 

Residents often cite the area as “Brooklyn’s best-kept secret,” bordering the east side of Prospect Park and down the road from the Brooklyn Botanic Garden, with a substantial and attractive historic district, and subway stops for three express trains. It’s also a community with no hard-and-fast height limits on development, and its real estate can cost as little as half that on the other side of the park 

How Andrew Jubelt can help: 

Avant Capital Partners offers a broad range of loan programs that can provide you with the commercial real estate funding you need. Contact Andrew Julbelt at ajubelt@avant-capital.com or call at (212) 231-9779 for more information about how a balance sheet lending program can offer you competitive bridge loan rates, interest only payments and quick closings. 

Capabilities of Andrew Jubelt and Avant Capital Partners include: 

• Quick closings for acquisitions 

• Refinance unencumbered real estate quickly to access equity 

• Discounted note purchases and/or recapitalizations 

• Construction completion 

• Condo inventory loans 

• Development site acquisition 

• Other non-bankable transactions

Are you interested in securing a commercial bridge loan? Contact Andrew Jubelt at (212) 231-9779 or email him at ajubelt@avant-capital.com for more information.

As an experienced developer, no one is more acutely aware of the need for developers to secure bridge and permanent financing for multifamily and commercial properties, at competitive rates, than Mr. Andrew Julbelt. Mr. Jubelt is a principal at AVANT Capital Partners, bringing his years of broad based experience to the process of acquisition financing and recapitalization of under-water projects to this a real estate advisory firm and lender.

AVANT Capital Partners was recently featured in the New York Real Estate Journal in their role of facilitating permanent financing solutions for stabilized assets and bridge or interim loans for properties that are in transition. The New York Real Estate Journal provides the latest commercial real estate news for the state of New York, profiling the most influential companies and people in the real estate industry.

The article profiled the $1.4 million bridge loan secured by a condominium portfolio originated by AVANT Capital Partners. The 24-month loan carries an interest rate of 10.75 percent, facilitating a discounted construction loan payoff for the original developer of the project.

The 13-story building located in Brooklyn consists of a vacant ground floor retail condominium and 38 residential condominiums that were completed and brought to market in 2009. The property, a former piano factory, was originally built in 1903.

Please contact Andy Jubelt at (212) 231-9779 or email Avant Capital Partners at info@avcapital.net to learn more about permanent financing solutions for stabilized assets and bridge or interim loans for properties that are in transition.