Avant Capital Partners Announces $2,060,000 SBA 7(a) Loan In Chicago, IL

GREENWICH, Conn. - Nov. 4, 2013 - PRLog -- AVANT Capital Partners, a leading commercial real estate lender and capital advisor, has originated a $2,060,000 SBA 7(a) loan secured by two commercial properties in Chicago, IL.  The 25 year fully amortizing loan refinanced two mortgages on the properties.

The properties are located in the East Side neighborhood of Chicago.  Both are special-use indoor soccer arenas, comprised of 56,132 total square feet.  The East Side and surrounding communities continue to experience a growing population of athletes who have a sincere interest in soccer.  These predominantly Hispanic neighborhoods hold a strong cultural dedication to the sport and enjoy participating throughout the year.  The soccer arenas were established to meet the demand of community teams in need of more practice and game space, especially during the winter months.

The transaction was arranged by one of AVANT’s founding principals, Amy Cheng.  When discussing the loan she noted, “Owner occupied real estate deals, regardless of industry type, are still very hard to do on a conventional basis. There is a significant supply of commercial real estate debt that has to be refinanced in the coming years and a slim appetite from banks for anything other than the premium credit borrowers.  Under these circumstances, the SBA 7(a) program is an ideal fit.”

AVANT Capital offers an SBA 7(a) Loan program that offers small businesses a high leverage avenue for financing business oriented real estate.  The 7(a) Loan Program provides approved small businesses with long-term financing to acquire and/or refinance commercial real estate assets.

AVANT Capital’s current interest rates for its SBA 7(a) loans range from 5.25%-6.25%; with loan amounts between $500,000 and $5,000,000.

The 7(a) Loan program offers small businesses both immediate and long-term benefits, so business owners can focus on growing their business. Some of the top-level benefits include:

Up to 90% financing;

Longer loan amortizations, no balloon payments;

Savings that result in improved cash flow for small businesses

About Avant Capital Partners--Avant Capital Partners is a commercial real estate lender and capital advisor. The company provides commercial mortgages for stabilized and in-transition investment and owner occupied properties nationwide. They offer permanent financing solutions for stabilized assets and bridge or interim loans for properties that are in-transition.  Avant Capital's bridge program is geared towards assisting developers capitalize on time sensitive and other non-bankable transactions that require flexible financing.

For more information about Avant Capital Partners, please contact:
Adam Luysterborghs
Principal
(203) 612-9580
adam@avant-capital.com