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Strato Secures Refinance Loan For 46,682 SF Medical Office In Jacksonville From FAIRWINDS Credit Union

Property Image
FINANCED
$20,000,000
Jonathan (John) Sultan
Jonathan E Singer

Florida

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Office
Financed 06/01/2025
the dealplayerscompscontact
Property Image
FINANCED

Strato Secures Refinance Loan For 46,682 SF Medical Office In Jacksonville From FAIRWINDS Credit Union

751 Oak Street

See Similar Deals
Office
Financed 06/01/2025
Jonathan (John) Sultan
Jonathan E Singer
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Office
Transaction Type:Loan

The property involved in this transaction is Riverside Park Place, which is a medical office building encompassing 46,682 square feet. It is situated at 751 Oak Street in the Jacksonville market.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not specified
  • Asset Size: 46,682 SF
  • Address: 751 Oak Street
  • Market: Jacksonville
  • Lender: FAIRWINDS Credit Union

The refinancing loan facility was successfully structured by Strato Partners, with Jonathan Sultan and Jonathan E. Singer actively participating as brokers in this transaction. They are associated with Strato, an agency focused on financial solutions in the capital markets and investment sales sector.

Players

Jonathan (John) Sultan
Jonathan Sultan
4 deals$152.6M volume(954) 940-2448
BROKER
Jonathan E Singer
Strato Partners
Jonathan E Singer
4 deals$27M volume(786) 223-3632
BROKER
Jonathan E Singer
Strato Partners
Jonathan E Singer
4 deals$27M volume(786) 223-3632
BROKER
S
Strato
BROKERAGE
Fairwinds Credit Union
Fairwinds Credit Union
LENDER

Details

FINANCED
IMAGE: Jonathan E Singer & Jonathan Sultan DATE: 6/2/2025 ADDRESS: 751 Oak Street MARKET: Jacksonville ASSET TYPE: Office ~ SF: 46,682 LENDER: FAIRWINDS Credit Union BROKERS: Jonathan Sultan (@The_Sultan13) & Jonathan E. Singer (@_JSinger) - Strato (@Strato_Partners) LOAN TYPE: Refinance NOTE FROM BROKER: Strato Partners is pleased to announce the successful structuring of a refinancing loan facility for Riverside Park Place, a 46,682 SF medical office building located in Jacksonville, FL. At Strato Partners, we are committed to providing tailored financial solutions to support the growth and success of our clients. Feel free to reach out to us to learn more about our capabilities in the capital markets and investment sale space! Capital Markets Jonathan Sultan 954-940-2448 [email protected] Investment Sales Jonathan Singer 786-223-3632 [email protected]

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$20,000,000.00

Monthly NOI$133,333.33
Monthly Debt Service$126,413.60
Change in Cash Flow$0.00
Refinance Proceeds$0.00