Avant Capital Provides $10.35 Million Bridge Loan for North Carolina Industrial Property Repositioning
TL;DR
Avant Capital provides a $10.35M bridge loan enabling Capstone Equities to acquire and renovate a NC industrial property for competitive repositioning into small suites.
Avant Capital's $10.35M bridge loan finances acquisition and renovation of a 70,481 sq ft industrial flex property for conversion to co-warehousing under Portal Warehousing.
This investment supports job creation and economic growth in Raleigh-Durham by transforming an outdated call center into modern industrial space for local businesses.
A 1998-built call center in Morrisville NC gets new life as co-warehousing space through Avant Capital's innovative $10.35 million bridge financing deal.
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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, will undergo significant repositioning under the sponsorship of Capstone Equities affiliate.
The Raleigh-Durham industrial and flex market continues to demonstrate strength due to population growth, limited supply, and expanding e-commerce and logistics requirements. Loan proceeds will finance the property acquisition, fund a planned renovation program, and provide time for the borrower to convert the building into small industrial suites under the Portal Warehousing brand, Capstone Equities' specialized co-warehousing platform.
Adam Luysterborghs, Managing Principal of Avant, stated that this transaction demonstrates the lender's ability to deliver flexible capital solutions to experienced sponsors with innovative strategies. The company is targeting similar projects ranging from $1 million to $75 million nationwide in 2025, with focus on high-growth markets including Texas, Florida, North Carolina, Georgia, Colorado, and Tennessee.
This financing arrangement underscores the ongoing institutional confidence in secondary markets experiencing robust economic expansion. The conversion of underutilized commercial properties into modern industrial facilities addresses the critical need for flexible warehouse space driven by supply chain evolution and last-mile delivery requirements. For more information on Avant Capital, please visit https://www.avant-capital.com.
Curated from NewMediaWire
