BridgeInvest Closes a $20.0 MM Build-to-Suit Loan in Saint Johns, FL

1st Priority Mortgage Loan

Loan Amount
$20,000,000
Property Type
Retail
Location
St. Johns, FL

BridgeInvest is excited to announce the closing of a $20.0 million senior secured loan to finance the construction of 9 retail buildings in Saint Johns, FL. The properties are part of the Crystal Lagoon development which is part of the Twin Creeks North Community Development District.

Transaction Highlights:

  • Build to suit construction for best-in-class tenancy
  • Direct to Sponsor transaction with a repeat Borrower
  • Flexible revolving structure to facilitate business plan
Transaction media