Avant Capital Closes $7.95 Million in Builder Inventory Loans Across Four Markets

By Burstable Editorial Team

TL;DR

Avant Capital's $7.95 million in builder inventory loans provides sponsors with flexible capital to gain competitive advantages in high-growth real estate markets.

Avant Capital structured three separate bridge loans secured by residential portfolios across multiple states, using property assets as collateral for the financing.

These loans support housing renovations and community development, improving living conditions and creating better residential options for families and seniors.

One loan involves a sports agent turned real estate developer renovating 21 condos in a Florida 55+ community for Life Lease agreements.

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Avant Capital Closes $7.95 Million in Builder Inventory Loans Across Four Markets

Avant Capital, a Connecticut-based commercial real estate bridge lender, has closed three separate builder inventory loans totaling $7,950,000 for residential properties across multiple states and territories. The loans are secured by condominium, co-op, and residential portfolios in Florida, New York, Texas, and Puerto Rico, reflecting the company's ongoing strategy of providing flexible capital solutions for sponsors managing individually deeded residential assets.

The largest transaction involves a $4,100,000 bridge loan secured by 21 condominium units within the Jacaranda Trace Condo Portfolio located in Venice, Florida. This 55+ active adult community will see renovations and marketing under Life Lease agreements by borrower LifeStar Living. The sponsor team includes a longtime sports agent recognized as one of the most influential figures in NBA history, bringing significant experience to the project.

In New York City, Avant provided a $2,500,000 bridge loan secured by 10 sponsor-owned cooperative units across three Manhattan buildings. The Capital Associates Co-op Portfolio spans the Upper West Side, NoMad, and Midtown East neighborhoods. The sponsor brings more than 45 years of experience in the New York real estate market with an extensive portfolio exceeding 2,000 multifamily apartments and 1 million square feet of commercial space, demonstrating the caliber of borrowers Avant targets for its lending programs.

The third transaction involves a $1,350,000 bridge loan secured by properties in two distinct markets. The Mystic Meadow & Rio Mar Villas portfolio includes a luxury single-family residence in Houston's Hermann Lake community and three resort condominiums within the Wyndham Rio Mar resort in Puerto Rico. Two of the Puerto Rico villas are operated as short-term rentals, providing immediate income support for the investment. This diversified approach across geographic markets and property types highlights Avant's ability to structure complex financing solutions.

Adam Luysterborghs, Managing Principal of Avant, emphasized that these transactions represent the company's core business of providing inventory loans secured by condo portfolios, co-op shares, and residential units that sponsors are leasing, repositioning, or preparing for sale. The company continues to deliver flexible capital solutions supporting experienced sponsors with high-quality residential inventory nationwide. For more information about Avant Capital's lending programs, visit https://www.avant-capital.com.

Looking ahead to 2025, Avant is targeting bridge loan opportunities ranging from $1 million to $75 million nationwide, with particular focus on multifamily, senior housing, residential portfolios, and industrial assets across high-growth markets including Florida, Texas, New York, North Carolina, and Georgia. The company also maintains an active strategy of acquiring non-performing loans secured by commercial real estate, positioning itself as a comprehensive capital provider in the commercial real estate debt space. These recent closings demonstrate the ongoing demand for specialized bridge financing in residential real estate markets and Avant's capacity to serve experienced sponsors with complex financing needs across multiple property types and geographic regions.

Curated from NewMediaWire

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Burstable Editorial Team

Burstable Editorial Team

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