Cadence Bank Provides $25M Acquisition Loan For Camachee Cove Yacht Harbor In St Augustine

Thomas D Wood Jr. secured the acquisition loan for Camachee Cove Yacht Harbor on behalf of Winward Marina Group in the amount of $25,000,000. The marina is located at 3020-3070 Harbor Drive and 101-252 Yacht Club Drive in St Augustine, Florida. It is a special purpose marina and yacht yard situated in a fully protected harbor adjacent to the Intracoastal Waterway and less than a mile from the St. Augustine Inlet and the Atlantic Ocean. It spans over 227.63 acres of land, submerged land, and wetland/marshland, and includes 257 wet slips, a yacht yard, and 16,351 square feet of commercial space. The new owners have plans to expand the marina by adding 600 linear dockage to accommodate mega yachts. The financing for this acquisition was provided by Cadence Bank, N.A.

Summary of transation details

• Property Type: Marina
• Transaction Amount: $25,000,000
• SF: 16,351
• LOT: 227.63 Acres
• Lender: Cadence Bank
• Landlord: Windward Marina Group
• Broker: Thomas D. Wood Jr. - Thomas D. Wood and Company

Cadence Bank, N.A. provided the financing for the acquisition of Camachee Cove Yacht Harbor. Thomas D Wood Jr. of Thomas D. Wood and Company served as the broker representing Winward Marina Group in the deal. This transaction marks an important milestone for the marina, which offers a prime location and a variety of amenities for yacht enthusiasts and marine businesses.