
Freedom Financial Funds Provides $6M Construction Loan for Jacksonville MOB
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. It was structured as a 15-month loan with two six-month extensions.
Freedom Financial Funds provided the borrower with 80 percent loan-to-cost financing, ensuring sufficient funds to cover construction costs. The loan terms included pricing of 11.49 percent plus two points.
“We are thrilled to have provided the financing solution for this build-to-suit construction project in Jacksonville,” said Freedom Financial Funds Principal and CEO Michael Klein. “At Freedom, we pride ourselves on 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, and found our terms and conditions highly competitive.”
This transaction has fostered a positive relationship between the borrower and Freedom, with discussions underway for potential future transactions.