Avant Capital, a Connecticut-based commercial real estate bridge lender, has originated a $10,350,000 bridge loan secured by a 70,481-square-foot industrial flex property located at 3200 Gateway Centre Boulevard in Morrisville, North Carolina. The property, originally constructed in 1998 and most recently used as a call center, represents a strategic investment in one of the Southeast's most dynamic industrial markets.
The Raleigh-Durham industrial and flex market continues to experience strong demand driven by multiple factors including population growth, limited supply, and expanding e-commerce and logistics needs. This transaction positions the property for conversion into small industrial suites under the Portal Warehousing brand, an affiliate of Capstone Equities. The sponsorship group brings national real estate investment experience and a specialized co-warehousing platform to the local market.
Loan proceeds will be used to finance the property acquisition, fund a planned renovation program, and provide the borrower with time to execute the building's repositioning strategy. The conversion to small industrial suites aligns with growing demand for flexible industrial space from small to mid-sized businesses seeking modern, efficient facilities in strategic locations. For more information about Avant Capital's lending programs, visit https://www.avant-capital.com.
Adam Luysterborghs, Managing Principal of Avant, emphasized the transaction's significance, stating that it showcases the company's ability to deliver flexible capital solutions to experienced sponsors with innovative strategies. The lender expressed support for Capstone and Portal as they introduce their successful co-warehousing model to the Raleigh-Durham market, which could potentially create new opportunities for local businesses seeking flexible industrial space solutions.
This transaction reflects Avant Capital's 2025 strategy of targeting similar projects ranging from $1 million to $75 million nationwide, with particular focus on high-growth markets including Texas, Florida, North Carolina, Georgia, Colorado, and Tennessee. The company specializes in bridge loans and acquires non-performing loans secured by all commercial property types, with particular expertise in apartments and industrial properties. The Morrisville loan demonstrates how bridge financing can facilitate the repositioning of older properties to meet modern market demands, potentially increasing property values and improving local industrial infrastructure.
