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
