AVANT Capital Partners Originates Small Balance Loans in 1Q 2013
AVANT Capital Partners (AVANT), a leading Greenwich CT based commercial real estate lender, has originated a series of small balance loans in the first quarter of 2013.
The completed series of transactions included:
-The recapitalization of an owner occupied office/industrial building with an SBA 7a loan.
-The refinance of a stabilized multifamily property.
The offices/industrial building was refinanced after the owner negotiated a payoff with his existing bank on a discounted basis. The reduction of this borrower's long term liabilities puts the company on ...