Freedom Financial Funds has announced the closing of a $5.9 million build-to-suit construction loan for a single-tenant medical office in Jacksonville, FL. Structured as a 15-month loan with two six-month extensions, Freedom Financial Funds provided the borrower with 80 percent loan to cost financing to cover construction costs and competitive terms including 11.49 percent plus two points pricing.
Michael Klein, Principal and CEO of Freedom Financial Funds expressed his enthusiasm for providing this financing solution: “At Freedom we take pride in delivering exceptional service and competitive financing options to our clients; we are delighted that our borrower appreciated our deep industry experience and commitment to timely disbursements as well as found our terms highly competitive” This transaction has fostered an ongoing relationship between the borrower and Freedom with potential future transactions underway.
