Kevin King Of BLDG Real Estate Secures $100 Million Loan For Fellowship Wildlight Project In Nassau County

The asset involved in this transaction is a development site located south of Curiosity Avenue and west of Crosstown Avenue in Nassau County, FL. The financing secured amounts to $100,000,000 for the construction of the 205-unit Fellowship Wildlight senior living project, which will include cottages, memory care, assisted living, and independent living units, contributing to the expansion of the project within Rayonier’s Wildlight master-planned community.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $100,000,000
• Lender: Peachtree Group
• Other Lenders: Florida Development Finance Corporation, Farmers & Merchants Bank, Greystone Fund, Promus Realty
• Landlord: Kevin King - BLDG Real Estate; The Fellowship Family

Key individuals in this transaction include Kevin King, representing BLDG Real Estate, and The Fellowship Family, who are involved in the financing for this significant project. This development marks the third senior housing community established by the partnership in Northeast Florida, as they aim to expand their regional portfolio.