Avant Capital Provides $10.35 Million Bridge Loan for North Carolina Industrial Flex Property Redevelopment
Avant Capital has originated a $10.35 million bridge loan to finance the acquisition and renovation of a Morrisville, North Carolina industrial flex property, supporting its conversion into small industrial suites under the Portal Warehousing brand amid strong regional market demand.
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 region's commercial real estate market fundamentals and the strategic repositioning of underutilized properties to meet modern industrial requirements.
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 accessible at https://portalwarehousing.com.
Adam Luysterborghs, Managing Principal of Avant, stated that this transaction showcases Avant's ability to deliver flexible capital solutions to experienced sponsors with innovative strategies. The company anticipates supporting Capstone and Portal as they bring their successful co-warehousing model to the Raleigh-Durham market, reflecting broader trends in industrial property adaptation and modernization.
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. Additional information about Avant Capital's lending activities can be found at https://www.avant-capital.com.
This financing arrangement demonstrates the continued flow of capital into industrial real estate redevelopment projects, particularly in markets experiencing strong demographic and economic growth. The conversion of former call center space into modern industrial suites reflects the evolving needs of businesses in the e-commerce and logistics sectors, while the bridge loan structure provides the necessary flexibility for property repositioning strategies.