Shanna Khan And Fahd Ahmed Secure $360 Million Loan From Goldman Sachs For Four Seasons Development In Jacksonville

The asset involved in this transaction is a development site located at 1406 East Bay Street, Jacksonville. It is set for the construction of a 170-room Four Seasons Hotel and Residences Jacksonville, which is projected to open in 2027. The financing for this project has been secured through a substantial loan amounting to $360 million from the lender Goldman Sachs.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $360,000,000
• Address: 1406 East Bay Street
• Market: Jacksonville
• Lender: Goldman Sachs
• Landlord: Shanna Khan - Shanna Collective; Fahd Ahmed - Iguana Investments

Key individuals in this deal include Shanna Khan, representing Shanna Collective, and Fahd Ahmed, representing Iguana Investments. Their collaboration aims to drive a significant redevelopment initiative for Jacksonville’s Sports & Entertainment District, which includes a $1.4 billion renovation of the local stadium.