CIP Real Estate Secures $44.6 Million Bridge Loan From New York Life In Jacksonville

The property involved in this transaction is located at 14825 International Airport Boulevard, Jacksonville, and is classified as an industrial asset with a total square footage of 425,000. The transaction includes a loan amount of $44,600,000, categorized as a bridge loan.

Summary of transation details:

• Property Type: Industrial
• Transaction Amount: $44,600,000
• Address: 14825 International Airport Boulevard
• Market: Jacksonville
• Lender: New York Life
• Landlord: CIP Real Estate
• Landlord's Representative: Jason Hochman & Ronald Granite - Cushman & Wakefield
• Loan Type: Bridge

The deal involves key individuals including Jason Hochman and Ronald Granite, who represent the landlord, CIP Real Estate, through their roles at Cushman & Wakefield. Their participation is significant within the context of this transaction, highlighting their brokerage expertise in the industrial property sector.