Avant Capital Partners (AVANT), a leading Greenwich CT based lender, closed a series of bridge loans in the 2nd & 3rd quarters of 2011. AVANT is a direct lender in the bridge loan space doing deals from $1,000,000 to $15,000,000 in target markets. The company is focused upon lending within the northeast corridor and major markets in Florida, Texas and California.
The completed transactions include:
Acquisition loans to purchase bank owned, underperforming multifamily assets in Miami FL.
The recapitalization of various distressed multifamily and industrial assets in NY & CT.
The refinance of an existing bridge loan in Dallas TX.
“Our bridge lending capabilities are ideal for buyers of transitional assets,” says Adam Luysterborghs, AVANT’s Managing Principal. “While many assets can still be acquired at favorable pricing, financing is a challenging aspect for non-conforming transactions. Our program is designed to finance projects with a clear exit strategy for repayment and where timing to close is critical.”
“In many of these deals, timing constraints of the required closing date added a layer of urgency. Our ability to provide a swift and certain execution is due to our knowledge of the local market and our in-house underwriting and processing capabilities.” Luysterborghs continued.
Read more here: http://www.avant-capital.com/press/sb_bridge_loan_closings.html