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 at 3200 Gateway Centre Boulevard in Morrisville, North Carolina. The property, originally built in 1998 and most recently used as a call center, will be repositioned into small industrial suites under the Portal Warehousing brand by an affiliate of Capstone Equities, an experienced real estate investor with a national track record.
The industrial and flex market in the Raleigh-Durham region continues to benefit from strong demand driven by population growth, limited supply, and expanding e-commerce and logistics needs, according to Avant. Loan proceeds will finance the acquisition, fund a planned renovation program, and provide time for the borrower to execute the repositioning strategy. Adam Luysterborghs, Managing Principal of Avant, stated, “This transaction showcases Avant’s ability to deliver flexible capital solutions to experienced sponsors with innovative strategies. We look forward to supporting Capstone and Portal as they bring their successful co-warehousing model to the Raleigh-Durham market.”
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 a particular focus on apartments and industrial properties. For more information on Avant Capital, visit www.avant-capital.com.
This announcement underscores the ongoing demand for flexible capital solutions in the industrial sector, particularly in markets experiencing robust population and economic growth. The repositioning of the facility into co-warehousing suites aligns with broader trends in logistics and e-commerce, where smaller, flexible spaces are increasingly sought after. Avant's ability to provide bridge financing for such value-add strategies positions it as a key player in the commercial real estate debt market.
