Andrew 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 November issue of the Scotsman Guide regarding the “Unsung Value of Energy Retrofits.” This article explores the single largest operating expense in commercial office buildings − energy.

Energy makes up about one-third of typical operating budgets, and accounts for almost 20 percent of national greenhouse gas emissions. By becoming more energy efficient, property owners and managers can reduce operating expenses, increase property asset value, and position themselves as environmentally friendly, which these days is a very prestigious distinction and important selling proposition.

Because the burden of high energy costs often falls on the tenants, buildings with lower utility costs can garner more demand and higher rents, which will increase the property’s net operating income (NOI). Energy Star calculates that a 10 percent decrease in energy use could lead to a 1.5 percent increase in NOI.

 

There are two key energy-cost considerations:

1. Lower energy costs can drive higher rents - Lower energy costs reduce overall tenant-occupancy costs. Lower over-all occupancy costs can alleviate the crowding out of higher rents by ever-escalating utility cost reimbursements. These higher rents increase property value.
2. Lower energy costs increases building value - Buildings more profitable in cases where the landlord pays for utilities.

The cost-effective investment strategy requires capital, and although a market for energy-efficient capital investment has not been developed fully yet, government authorities have started initiatives. For example, Property Assessed Clean Energy (PACE) is a program that allows local government entities to offer sustainable energy project loans to eligible property owners. Another example is the New York City Energy Efficiency Corp. (NYCEEC). It has been established to assist New York City implement its Greener, Greater Buildings Plan by helping private building owners get energy-efficient retrofit financing.

For more information about AVANT Capital Partners lending programs focused upon financing stabilized and transitional commercial real estate nationwide, contact Andrew Jubelt at ajubelt@avant-capital.com or at (212) 231-9779.

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.

Andrew 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, 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 is a commercial real estate lending firm that offers bridge and conventional financing from $500,000 to $30,000,000 nationwide, with an origination and underwriting process that protects the interests of investors, correspondents and partners, while also providing flexible capital solutions to borrowers and referral sources.

This fall, AVANT Capital Partners will start rolling out its “NYC Neighborhood Reports”, serving parties to multifamily deals, as well as industrial and office projects. These reports will include:

•  A map of the neighborhood
•  Income metrics of area residents
•  Data on the value of both condominiums and multi-family units

AVANT also will offer up valuation information, showing an area’s average asking rents and average sales figures, on a per-square-foot basis. This information will likely come from brokers and developers in the various communities, who have agreed to share their opinions on the areas.

At this time, NYC Neighborhood Reports, shares data on approximately thirty portions of Manhattan, and slightly more than thirty areas in Brooklyn. Eventually the report will cover the remaining boroughs — along with Fairfield County, Connecticut, and some of the towns within it, as well as the Gold Coast in Florida.

Understanding a vital need for such reports in the recovering real estate market, the company plans to release two such studies every few weeks, for some time to come.

Andrew Jubelt and AVANT Capital Partners specialize in financing real estate that includes development sites, vacant properties, and those being repositioned. Mr. Jubelt can offer his local expertise helping you and your lender to understand your particular property, expediting the financing process.

For more information about the AVANT Capital, or the “NYC Neighborhood Reports”, contact Andrew Julbelt at ajubelt@avant-capital.com or call at (212) 231-9779.

Andrew D Jubelt recognizes that while the economy is strengthening, commercial real estate can still seem like a millstone for many who had to use it as collateral to keep it afloat after the financial crisis beginning in 2008. With more than 25 years of experiencing in financing and development, Jubelt is ready to help investors, developers and business owners take the next step in managing their debt. Whether investors or property owners are looking to improve on an existing property, or take advantage of Jubelt's resources to begin new construction projects, the capabilities of Avant Capital Partners are a good match for many investors' needs.

Experience in "Value Add" Real Estate Investing

While many real estate investment firms can provide access to "core" properties that include buildings with recent renovations and strong occupancy rates, that is not the case for many properties. Whether there are concerns regarding tenants or the need for capital improvements, Jubelt and Avant Capital can stabilize properties in numerous real estate investment categories and still minimize the risk to investors.

In addition to "core plus" projects where tenant rollover can be an issue smoothed out with temporary funding, he has experience in "value add" properties. By keeping an eye out for properties that have certain risks but can be rehabilitated, Jubelt can improve the odds of strong returns without taking the gambles on "opportunistic" investing that can get all parties into trouble.

Aquisition and Recapitalization Financing

Most real estate projects revolve around cashflow and financing. With more than $1 billion in funding obtained for his projects, Andrew D Jubelt has worked with numerous financial service providers and investors to keep projects large and small on track, improving more than 10,000 multifamily and senior housing units.

As a result turnaround projects like "value add" properties can get started quickly, providing a return on investment for all stakeholders in the project. It also enables Jubelt and Avant Capital Partners to find some of the best possible rates for those looking to get out from underwater properties and using equity to cancel out any real estate and other capital debt. That includes using traditional sources for attractive financing rates as well as from private sources developed during his more than 25 years in the real estate investment community.

Property Management Capabilities

Whether you are looking to improve an existing property for a future sale or considering your options, Andrew D Jubelt offers access to an in-house property management company that can handle day-to-day management so that owners and commercial real estate advisers can focus on the financials. This is a unique advantage to working with Jubelt and Avant Capital Partners that expands on extensive experience getting credit or cash for improvement projects.

Property owners and investor groups also benefit because a captive management group limits the impact of tenancy issues in ongoing complex transactions, increasing the likelihood of bad results following a lease roll turn over that can improve the return on investment while other problems or concerns are resolved.

Focusing on Multiple Communities / Leveraging Past Experiences

Part of that desire to give businesses a fresh start is that Andrew D Jubelt has received his own. Now working with Avant Capital Partners, he has used past problems as a learning experience. For investors and businesses, that means emphasis on leveraging his experience in rehabilitating properties and adding value to new construction projects. On a personal level, it means using the lessons learned from various personal issues to focus on the needs of others. Using his real estate experience, he now works with Sunrise Kids Nepal, a nonprofit organization that works with orphanages and orphaned children overseas.

As a result of the work of Jubelt and Avant Capital Partners in New York, New Jersey, Connecticut, Florida, Oklahoma, Illinois and Texas, he has been invited to speak on behalf of professional organizations and educational institutions throughout the United States. While many real estate investment firms now benefit from the tips and tricks Jubelt has developed, his focus on creativity and innovation continue to help creat new strategies that help his varied clients around the country get the best possible results regarding properties they are assessing or looking to sell in the very near future.

Andrew D. Jubelt is an experienced developer, owner and operator of commercial real estate
including more than 10,000 multifamily and senior housing units, and is a principal Avant Capital Partners. Avant Capital Partners is a commercial real estate lender focused upon
financing stabilized and transitional commercial real estate nationwide. Avant Capital Partners
offers bridge loans to meet the needs of borrowers purchasing or holding properties that are
being repositioned, 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 and quick closings.

Recapitalization is defined as a process in which the amount of debt and assets of a particular entity are rearranged in order to meet a financial goal. The goal may be an attempt to limit the amount of tax owed on assets in hand, or as part of a reorganization to avoid bankruptcy.

• There are several reasons why recapitalization may be an attractive option, for example: To strengthen the business’s financial picture in anticipation of an expansion. This can include something as straightforward as replacing preferred stock options with bond issues in order to minimize the tax burden.
• To reduce future obligations and divert those funds directly into expansion projects that will make the company stronger over time by restructuring the relationship between debt and the equity currently built into the company,

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 originates commercial mortgages nationwide for multifamily, commercial, and bridge loan transactions.