Avant Capital Partners Closes Conventional Multi-family Loan in Ravenswood, WV
March 31, 2011
Avant Capital Partners (AVANT) closed a multi-family refinancing loan of $3,400,000 in March 2011. The loan amount represents an 80% loan to value ratio and the ten year loan amortizes over 25 years, features a fixed interest rate of 5.65%. AVANT is a leading commercial lender based in Greenwich, CT specializing in conventional financing of deals from $1,000,000 to $10,000,000 and bridge financing of deals from $1,000,000 to $20,000,000 in target markets.
When asked about weathering through the economic trough, Adam Luysterborghs, the founding principle of AVANT, says: “Despite the economic downturn, our pipeline of deals has continued to grow. The success could partly be attributed to a thorough understanding of the local markets and fundamentals of each deal. Throughout the years, we have built extensive relationships with institutional and private capital partners. By leveraging these relationships, we are able to offer borrowers products containing optimum terms and structures, and that really creates a competitive advantage for us.”
This particular loan is secured by the real estate’s first deed of trust as well as an assignment of leases and rents. The 80% loan to value ratio is aggressive relative to what has been seen in the market these days. “The fact that this loan is personally guaranteed by the borrower definitely helped in achieving such high loan to value”, said Mr. Luysterborghs. “These days we see multi-family assets with good locations and low vacancy rate continue to be the apple of everyone’s eye. Our value adding process is to ensure the beauty underlying the deal is seen by our investors.”
To view Avant Capital Partners’ multifamily program, including “Multifamily Grow Program” and “Small Balance Premier”, please follow the link below:
http://www.avant-capital.com/content/multi/index.html.
About Avant Capital Partners – Avant Capital Partners is a capital advisor and direct lender for several institutional investors. The company 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.
For more information about Avant Capital Partners, please contact:
Adam Luysterborghs
Managing Principal
212-219-9419
adam@avant-capital.com
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