The Club at Treasure Island, a commercial property spanning 9.2 acres located at 400 Treasure Island Causeway in Treasure Island, Florida, secured a $4.8 million bridge loan. The loan, provided by T.R. Hazelrigg IV from Avatar Financial Group LLC, represents 57% of the property’s expected value at stabilization. This fixed-rate, interest-only loan has an 18-month term and aims to enhance cash flow through marina rent increases and clubhouse leasing.

Summary of transaction details:

• Property Type: Commercial
• Transaction Amount: $4,800,000
• Address: 400 Treasure Island Causeway
• Market: Treasure Island
• Lender: T.R. Hazelrigg IV - Avatar Financial Group
• Loan Type: Bridge Loan
• Loan Terms: Fixed-rate, interest-only loan with an 18-month term

TIY & TC, LLC, acquired The Club at Treasure Island with the assistance of the loan provided by T.R. Hazelrigg IV from Avatar Financial Group LLC. The aim of the loan is to support the operations of the waterfront tennis and yacht club by boosting cash flow through strategic initiatives. Avatar’s President has expressed full support for the club's operational endeavors.