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$7,080,000 | Jacksonville, FL building

Jacksonville, FL

Transaction Type

Loan Refinance


Loan Type

Bridge Loan

Situation & Challenges

  • Newly constructed, vacant building
  • Borrower wanted to retire construction loan to free up capacity to develop more properties
  • High loan-to-cost

Solutions & Highlights

  • Earn out facility included upon achieving lease-up
  • 5-year fixed rate loan term