Trustmark Bank Provides $42M Construction Loan For Development Site In Jacksonville

An undisclosed development site located at the intersection of Interstate 295 and Town Center Pkwy in Jacksonville has secured a $42,000,000 construction loan from Trustmark Bank. The loan, with a term of four years, was obtained by Alluvium Partners, LLC, the landlord of the property. The development site is set to undergo construction with the financial support provided by the loan.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $42,000,000
• Loan Type: Construction Loan
• Lender: Trustmark Bank
• Landlord: Alluvium Partners, LLC
• Brokers: Philip Rachels, Jeff Kinney & Brett Bosworth - CBRE
• Date: 10/03/2022
• Address: Interstate 295 & Town Center Pkwy
• Market: Jacksonville

The loan transaction was facilitated by CBRE brokers Philip Rachels, Jeff Kinney, and Brett Bosworth, who represented the involved parties in the deal. The funding secured through Trustmark Bank will aid in the development of the undisclosed property located at the intersection of Interstate 295 and Town Center Pkwy in Jacksonville.