Project Overview
Project Overview
Project Overview
Location
Jacksonville, FL
Location
Jacksonville, FL
Loan Amount
$52,000,000
Loan Amount
$52,000,000
Asset Type
Office
Asset Type
Office
Transaction Challenges:
» Very tight timeframe with a TOE date (approximately 30 days from term sheet to close). » Portfolio only 55% occupied during a time where the office sector faces continued challenges and uncertainty
Transaction Challenges:
» Very tight timeframe with a TOE date (approximately 30 days from term sheet to close). » Portfolio only 55% occupied during a time where the office sector faces continued challenges and uncertainty
ArrowREA Solution:
» Secured a $52 million of acquisition financing for the purchase and repositioning of this seven-building office and flex warehouse portfolio in Jacksonville, FL. » Structured the financing to provide the Sponsor with immediate funding as well as long-term capital to reposition the portfolio with tenant improvements.
ArrowREA Solution:
» Secured a $52 million of acquisition financing for the purchase and repositioning of this seven-building office and flex warehouse portfolio in Jacksonville, FL. » Structured the financing to provide the Sponsor with immediate funding as well as long-term capital to reposition the portfolio with tenant improvements.
We partner with investors and developers to unlock optimal financing by leveraging our deep network of capital providers and delivering strategies tailored to each opportunity.
We partner with investors and developers to unlock optimal financing by leveraging our deep network of capital providers and delivering strategies tailored to each opportunity.
We partner with investors and developers to unlock optimal financing by leveraging our deep network of capital providers and delivering strategies tailored to each opportunity.