Lev Capital Arranges $4.6M Bridge Loan For Jacksonville Industrial Property

An industrial property located at 2160 W 33rd Street in Jacksonville has been involved in a recent closed transaction. The property spans 157,355 square feet and falls under the industrial asset type category. The deal was facilitated by brokers Yaakov Zar, Ethan Freilich, Don Pavlov, Lizzy Schlesinger, and Andras Breuer from Lev Capital.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $4,600,000
• Loan Type: Bridge
• Loan Terms: 75% LTV, 6.75% Rate, 12-month Term

The loan amount secured for this transaction was $4,600,000, with a bridge loan type and specific terms of 75% loan-to-value (LTV), a 6.75% interest rate, and a 12-month term. The Lev Capital team, represented by Yaakov Zar, Ethan Freilich, Don Pavlov, Lizzy Schlesinger, and Andras Breuer, demonstrated impressive execution in swiftly securing and closing senior bridge financing in just 14 business days. By utilizing Lev's innovative technology, the team identified lenders capable of promptly meeting the desired financing request, ensuring a high level of certainty in the execution of the deal.