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 redevelopment through this financing arrangement.
The industrial and flex market in the Raleigh-Durham region continues to experience strong demand driven by population growth, limited supply, and expanding e-commerce and logistics needs. This transaction highlights the ongoing investor confidence in the Triangle area's commercial real estate market, particularly in properties that can be adapted to modern industrial uses.
Loan proceeds will be used to 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. 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. For more information about Avant Capital's lending programs, visit https://www.avant-capital.com.
Adam Luysterborghs, Managing Principal of Avant, stated that this transaction showcases the company's ability to deliver flexible capital solutions to experienced sponsors with innovative strategies. The company expressed support for 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 Texas, Florida, North Carolina, Georgia, Colorado, Tennessee and other high-growth markets. The company offers bridge loans and acquires non-performing loans secured by all commercial property types, with particular emphasis on apartments and industrial properties. The original announcement can be found at https://www.newmediawire.com.
This financing arrangement demonstrates the continued flow of capital into industrial real estate redevelopment projects, particularly those that adapt existing properties to meet modern logistics and warehousing needs. The conversion of former call center space to industrial suites reflects broader trends in commercial property repurposing and the growing demand for flexible industrial space in growing metropolitan areas.
