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 repositioning under the sponsorship of Capstone Equities affiliate. The Raleigh-Durham industrial and flex market continues to experience strong demand driven by population growth, limited supply, and expanding e-commerce and logistics needs.
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, Capstone Equities' specialized co-warehousing platform. Adam Luysterborghs, Managing Principal of Avant, stated that this transaction demonstrates the company's ability to deliver flexible capital solutions to experienced sponsors with innovative strategies. The company is targeting similar projects ranging from $1 million to $75 million nationwide in 2025, with focus on high-growth markets including Texas, Florida, North Carolina, Georgia, Colorado, and Tennessee. For more information on Avant Capital, please visit https://www.avant-capital.com.
This financing arrangement underscores the ongoing transformation of traditional industrial spaces into modern, flexible facilities that cater to evolving business needs in growing metropolitan areas. The conversion of the former call center into co-warehousing space represents a strategic adaptation to market demands, particularly the need for smaller, more adaptable industrial units that serve the expanding e-commerce and logistics sectors. The transaction reflects broader trends in commercial real estate lending, where bridge financing enables property repositioning and value-add strategies in markets experiencing strong fundamentals.
Avant Capital's focus on bridge loans and non-performing loans secured by commercial properties, particularly apartments and industrial assets, positions the company to capitalize on these market opportunities while supporting sponsors with innovative redevelopment visions. The Morrisville transaction exemplifies how lenders are facilitating the adaptive reuse of older properties to meet contemporary industrial requirements, creating more efficient space utilization in markets with constrained supply. This trend has significant implications for commercial real estate development patterns, as it allows for quicker responses to shifting market demands than ground-up construction typically permits.
The growing emphasis on flexible industrial spaces reflects fundamental changes in how businesses approach logistics and warehousing, with many companies seeking smaller, more specialized facilities rather than large, single-tenant buildings. This shift has created opportunities for developers and lenders who can identify properties suitable for conversion and provide the capital necessary to execute these transformations. As e-commerce continues to expand and supply chains become more complex, the demand for adaptable industrial spaces in strategic locations is likely to increase, making transactions like Avant Capital's Morrisville loan indicative of broader market directions.
