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 ensure sufficient funds were available for construction costs. The terms included pricing of 11.49 percent plus two points and was met with appreciation from the borrower due to Freedom’s deep industry experience and commitment to timely disbursements along with competitive terms and conditions offered by their team of experts at Freedom Financial Funds.
Michael Klein, Principal & CEO at Freedom commented on this transaction saying “We are thrilled that our client appreciated our service and competitive financing options which enabled us provide them this solution in Jacksonville” He further added “At Freedom we pride ourselves on delivering exceptional service alongwith competitive financing options” This successful transaction has fostered an ongoing relationship between both parties allowing discussions underway for potential future transactions
