Avant Capital Partners closes $3.25 million loan

Brooklyn, NY Avant Capital Partners has originated a first mortgage loan in the amount of $3.25 million, secured by two multifamily rental properties in the Clinton Hill sub-market.

The properties contain 13 residential rental units. Loan proceeds will be used to satisfy existing debt and provide cash-out to the borrower.

The properties are situated near retail shops with access to mass transit lines and walking distance of the Atlantic Ave.-Barclays Center terminal.

Avant Capital Partners is a private bridge lender that offers first mortgage loans in the range of $2-15 million. Most asset classes qualify for Avant loans. First priority is given to financing of properties in New York City, inclusive of Manhattan and all boroughs. Avant originates and services all of its loans and takes pride in its reliability and responsiveness. Typical loans take fewer than 30 days from origination to closing.