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AVANT Capital Bridge Program
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 & quick closings.
- 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
- Sale/leaseback of property to avoid foreclosure
Basic parameters of the lending program are:
- Loan amounts from $1,000,000 to $20,000,000
- Fixed interest rates from 11.00% to 14.00%
- Loan fees from 2.00% to 4.00%
- Up to 65% LTV
- 12 month terms, with extensions
- Target Markets: Northeast corridor, Florida, California and Texas. Other core markets will be considered.
- Property types under consideration include multifamily, industrial, office & retail
- Land and construction loans considered in New York and Southern California
- Closing timeframes range from fifteen to thirty five days
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Featured Transaction: 72-hours from Term Sheet to Closing
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Office Building, Fairfield county CT
Avant Capital Partners provided a loan for the acquisition of a 65,000 SF Class "A" Office building located in Fairfield County, CT. The Property was acquired vacant and the interest-only loan carries a 12-month term with no prepayment penalty. The loan request was closed within 72 hours of Borrower acceptance of terms and no appraisal was required
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Please contact us at 212-219-9419 or via email at quick-close@avant-capital.com.
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