Citigroup Provides $8.65M Acquisition Loan For Special Purpose Property In Jacksonville Beach | 3250 Northeast Candice Avenue | Brandon Perdeck | Loan

Summary

Loan

FLORIDA

152,000 sqft

The special purpose property located at 3250 NE Candice Ave in Jacksonville Beach has been recently involved in a closed transaction. This property spans an impressive 152,000 square feet and is situated in a market that offers great potential for investment.

Summary of transaction details:

Property Type: Special Purpose
Transaction Amount: $8,650,000
Date: April 15, 2022
Asset Address: 3250 NE Candice Ave
Market: Jacksonville Beach
Lender: Citigroup
Landlord: Southern Star
Broker: Brandon Perdeck from Aries Capital
Loan Type: Acquisition
Loan Terms: 10-year Interest Only, Non-recourse loan

The loan provided by Citigroup for the acquisition of this special purpose property amounts to $8,650,000. The loan terms include a 10-year interest-only period, providing flexibility for the borrower. Additionally, the loan is non-recourse, offering further protection to the purchaser.

Players

All
2

Agents
1
Agencies
1

Brandon Perdeck

Vice President

$21.6M Sold

Aries Capital

Details

Deal Summary

FINANCED

IMAGE: Brandon Perdeck DATE: 04/15/2022 ADDRESS: 3250 NE Candice Ave MARKET: Jacksonville Beach ASSET TYPE: Special Purpose ~ SF: 152,000 LENDER: Citigroup (@Citi) LANDLORD: Southern Star BROKER: Brandon Perdeck (@BrandonPerdeck) - Aries Capital (@AriesCapital) LOAN AMOUNT: $8,650,000 LOAN TYPE: Acquisition LOAN TERMS: 10 year Interest Only, Non recourse loan

View on map

Address3250 Northeast Candice Avenue

Comparables

This user does not have deals with the selected filters yet.
Reset filters to show results.

Contact

Get in touch with the broker you want