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.
Angela Noote is a native of Northern California and graduated from Chico State with a degree in public relations. After college she moved to the Central Coast and worked first in ad sales then in editorial, eventually spending more than a decade as a print reporter and editor. She detoured into design work at a printer/publisher, and with a partner eventually opened a boutique full-service marketing agency. Moving into corporate communications, she built and managed several successful marketing teams in the hospitality, financial services, and nonprofit industries. Most recently she was an internal comms manager in the tech sector. After a long stint spent in Georgia (Go Dawgs), she moved to Baton Rouge, LA and has written for clients in the financial, luxury imports, higher ed, commercial cleaning, and medical equipment industries. Her son is a media arts major at the University of South Carolina, and her husband owns a comedy theater in Baton Rouge, where you can often find Angi teaching improv classes, leading corporate training events, or doing an occasional stand up set.