First Capital Trusts Provides $1.6M Acquisition Loan For Development Site On Davis Island

Located at 602 Channel Drive in Davis Island, this development site was recently involved in a closed transaction. The property spans approximately 3,500 square feet and was acquired through an acquisition loan.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $1,600,000
• Market: Davis Island

The lender for this transaction was First Capital Trusts, represented by Robert Czyszczon. The loan was used to finance the acquisition of the property. Legion Construction, represented by Svajunas Starkus, acted as the landlord in this deal. LuCapital Management served as the broker in this transaction. The loan amount of $1,600,000 allowed the buyer to acquire this development site in Davis Island.