Avant Capital Partners has been engaged by a New York based family office as a Portfolio Advisor and Designated Originator. The engagement is a mandate from our capital partner client to originate high yield debt, secured by commercial and multifamily real estate, and compliments AVANT’s conventional lending programs.
AVANT can now assist borrowers that require a quick closing because loan approvals are based upon internal valuations that do not require an appraisal.
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
Quick closing to opportunistic acquisitions (no appraisal required)
Basic loan parameters of the lending program are:
Loan amounts from $250,000 to $5,000,000
Fixed interest rates from 12.00% to 15.00%
Loan fees from 3.00% to 6.00%
50% to 70% LTV
6 to 18 month terms, with extensions
Properties located in Northeast corridor and Texas. Other core markets will be considered.
Property types under consideration include multifamily, industrial, office & retail
No appraisal required
Closing timeframes range from five to fifteen days