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, a real estate investment bank, advisory firm and correspondent lender for several institutional investors.

According to the spring forecast by The Crittenden Report ®, the nation’s leading report on real estate finance, good feelings will be a driving force in land loans. As construction picks up, private money lenders will be bullish on land financing nationwide.  All this optimism will result in private lenders filling the gap left behind by institutional lenders that avoid land by providing more non-recourse financing this year.

Bridge Loan Space Grows Rapidly

Bridge lenders will fund more bridge deals thanks to the strong takeout market and increasing property values. The sub-$5M bridge loan space will grow rapidly, forcing lenders to get creative on small deals and underwrite more aggressively as competition increases.

And while multifamily and single-family land will be favored, The Crittenden Report recommends watching for an expansion in land zoned for mixed-use, both residential and retail. Retail land will need a strong anchor and lenders will look closely at leasing and location when deciding on deals.

Avant Capital Can Help Borrowers During This Bullish Time

Avant Capital offers bridge loans to meet the needs of borrowers purchasing or holding properties that are being repositioned, re-tenanted, or otherwise redeveloped, with a clear exit strategy for loan repayment. This balance sheet lending program offers competitive bridge loan rates, interest only payments and quick closings.

Capabilities 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

Contact AndrewJulbelt at ajubelt@avant-capital.com or call at (212) 231-9779 for more information on how a bridge loan may work for you.

Andrew Jubelt is an experienced developer, owner and operator of commercial real estate including more than 10,000 multifamily and senior housing units. He has over 25 years of experience which includes financing, development, ground-up construction and property management of medium to large-scale projects nationwide.

 

Mr. Jubelt is a principal at AVANT Capital Partners, a balance sheet lending firm offering bridge loans from $1,000,000 to $10,000,000. 
The loans are secured by commercial real estate located in New York, Connecticut, and other Northeast Corridor markets from,
Washington DC to Boston. 

AVANT Capital’s origination and underwriting process protects the interests of their investors, while also providing flexible capital solutions to our borrowers and referral sources.

Avant Capital offers bridge loans to meet the needs of borrowers purchasing or holding properties that are being repositioned, re-tenanted, or otherwise redeveloped, with a clear exit strategy for loan repayment. This balance sheet lending program offers competitive bridge loan rates, interest only payments and quick closings.

Lending capabilities of Mr. Jubelt and AVANT Capital Partners include:

•         quick closings for acquisitions;

•         refinance unencumbered real estate quickly to access equity;

•         discounted not purchases and/or recapitalizations;

•         construction completion;

•         condominium inventory loans;

•         development site acquisition;

•         other non-bankable transactions.

Let AVANT Capital’s recent lending successes speak for itself:

• $4,050,000 bridge loan on a 5,691square foot townhouse in New York, NY
• $1,115,000 bridge loan
on a 10-unit cooperative in
New York, NY
• $1,900,000 bridge loan on a
65,000 square foot office
in Danbury, CT
• $1,525,000 bridge loan
on three office condominiums
in Saratoga Springs, NY
• $2,000,000 bridge loan on
85+ acres of land
in Medford, NY

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.

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.

As an experienced developer, owner and operator of commercial real estate, including more than 10,000 multifamily and senior housing units, Andy Jubelt knows a thing or two about how energy and sustainability improvements add value to all parts of a property or company. He is a Principal at Avant Capital Partners and specializes in creative and innovative strategies to enhance the long-term value of commercial real estate.

Mr. Julbelt understands that the financial cost reductions associated with superefficient buildings — making the pursuing of energy retrofits by owners and investors the wave of the future.

Consider this: buildings in the U.S. consume a lot of energy. In fact, they use 42 percent of the nation’s primary energy and 72 percent of its electricity. Unfortunately, much of that energy is needlessly wasted through inefficient design and operation.

The following are the reasons why commercial real estate professionals such as Mr. Julbelt are recommending superefficient building retrofitting:

• Energy retrofitting can reduce a buildings’ energy consumption by 54–69 percent over business-as-usual projections through 2050. As a result, absolute energy consumption in 2050 that would be 40–60 percent less than in 2010, despite a 70-percent bigger building stock.
• A joint Rockefeller Foundation / Deutsche Bank Group 2012 study found energy savings worth four times their cost in ten-year time frame. An investment of $279 billion could yield more than $1 trillion in energy cost savings.
• Numerous studies and surveys note that, compared to market averages, energy-efficient green buildings boast reduced absenteeism, better employee health, higher occupancy rates, increased rental rates and sales prices, and decreased financial and regulatory risk.
• A growing body of statistical evidence suggests that green office buildings can command rent premiums of 3–6 percent and sales price premiums of 10 percent or more.

A focus exclusively on saved energy costs overlooks other important values, known as “value beyond energy cost savings” (or VBECS). For example, risk is one of the most important factors in any deep energy retrofit capital decision and has a direct tie to VBECS. Risk is not just a soft, indirect, or non-financial consideration, but one of the most important value elements in a deep energy retrofit investment. For example, an annual $1,000 retrofit cash flow benefit with a five percent return requirement would be valued at $20,000, approximately 100 percent higher than the same $1,000 cash flow benefit valued assuming a 10 percent return requirement.

Sustainability and energy efficiency have become central concerns to regulators, employees, customers, clients, boards, and other stakeholders. Maximizing recognition of value by all stakeholders requires understanding what aspects of sustainable value are most critical to different stakeholder groups and clearly communicating these values. Andrew Julbelt understands this. Please contact Andrew Jubelt at (212) 231-9779 for more information about how energy and sustainability improvements add value to a commercial property.

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.

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.

Andy Jubelt is an experienced developer, owner and operator of commercial real estate, and a Principal at Avant Capital Partners, a real estate investment bank, advisory firm and correspondent lender for several institutional investors.

Avant Capital Partners was featured in the November Edition of the Scotsman Guide in an article titled “The Unsung Value of Energy Retrofits.”  According to the article, energy presents property owners and managers with the single largest operating expense in commercial office buildings. The author maintains that strategic reductions to operating costs through energy efficiency measures don’t only improve the bottom line, but they also develop positive branding of the property and increase occupancy demands.

Current loan underwriting practices provide little incentive for building owners to make their buildings more energy efficient, however. 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, an international standard for energy efficient consumer products, calculates that a 10 percent decrease in energy use could lead to a 1.5 percent increase in NOI — profit that will continue to increase with further savings. There are two options that building owners can take to reduce energy costs in their buildings: low-cost measures and cost-effective investments.

This cost-effective investment strategy requires capital however, and although a market for energy-efficient capital investment has not been developed fully yet, government authorities have started initiatives. One organization in particular, the New York City Energy Efficiency Corp. (NYCEEC), has been established to assist New York City implement its “Greener, Greater Buildings Plan” by helping private building owners get energy-efficient retrofit financing.

Incorporating energy efficiency as part of the underwriting process is expected to take time, however. For now, property owners can seek out public organizations such as New York City Energy Efficiency Corp. (NYCEEC), participate in programs like Property Assessed Clean Energy (PACE) or reach out to private institutions that focus on providing capital for energy- efficiency investments.

Mr. Jubelt’s financing experience includes over $1,000,000,000 of both debt and equity funding from a variety of sources including traditional and private sources. He specialized in creative and innovative strategies to provide value-added services and enhance long-term value for numerous complex transactions. Contact Andrew Jubelt at ajubelt@avant-capital.com or (212) 231-9779 for more information on energy efficiency, finance, and policy.