Freedom Financial Provides $5.9M Construction Loan for Medical Office Building in Jacksonville

JACKSONVILLE, FLA. — Freedom Financial Funds has provided a $5.9 million construction loan for a single-tenant medical office building located in Jacksonville. The build-to-suit project is for an entity controlled by a national retail and single-tenant developer. The 15-month loan features two six-month extension options and was underwritten at an 80 percent loan-to-cost ratio. The construction timeline and address for the project were not disclosed.