Curated News
By: NewsRamp Editorial Staff
September 09, 2025
Avant Capital Provides $10.35M Bridge Loan for NC Industrial Redevelopment
TLDR
- 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- This investment supports job creation and economic growth in Raleigh-Durham by transforming an outdated call center into modern industrial space for local businesses.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.
Impact - Why it Matters
This transaction matters because it demonstrates continued investor confidence in industrial real estate markets, particularly in high-growth regions like Raleigh-Durham. The conversion of former call center space into modern industrial suites through Portal Warehousing's co-warehousing model addresses the growing demand for flexible industrial space driven by e-commerce expansion and supply chain evolution. Such investments typically create local construction jobs, attract new businesses to the area, and contribute to regional economic development. For commercial real estate professionals and investors, this signals ongoing opportunities in industrial property repositioning and highlights the availability of bridge financing for experienced sponsors with innovative strategies in growing markets.
Summary
Avant Capital, a Connecticut-based commercial real estate bridge lender, has originated a substantial $10,350,000 bridge loan secured by a 70,481-square-foot industrial flex property at 3200 Gateway Centre Boulevard in Morrisville, NC. The property, originally constructed in 1998 and most recently used as a call center, represents a strategic investment in the thriving Raleigh-Durham industrial market, which benefits from strong demand driven by population growth, limited supply, and expanding e-commerce and logistics needs. The sponsorship group is an affiliate of Capstone Equities, an experienced real estate investor with a national track record and a specialized co-warehousing platform called Portal Warehousing.
Loan proceeds will finance the property acquisition, fund a planned renovation program, and provide time for the borrower to reposition the building into small industrial suites under the Portal Warehousing brand. Adam Luysterborghs, Managing Principal of Avant, emphasized that this transaction showcases the company's ability to deliver flexible capital solutions to experienced sponsors with innovative strategies. In 2025, Avant is targeting similar projects ranging from $1 million to $75 million nationwide, with a focus on high-growth markets including Texas, Florida, North Carolina, Georgia, Colorado, and Tennessee. The company offers bridge loans and acquires non-performing loans secured by all commercial property types, with particular emphasis on apartments and industrial properties. For more information, visit www.newmediawire.com or the company's website at www.avant-capital.com.
Source Statement
This curated news summary relied on content disributed by NewMediaWire. Read the original source here, Avant Capital Provides $10.35M Bridge Loan for NC Industrial Redevelopment
