1Oak Capital closes an $8.9 MM Retail Refinance in Florida
1st Priority Mortgage Loan
Loan Amount$8,900,000
Property TypeRetail
LocationFlorida
1Oak Capital is pleased to announce the closing of an $8.9 million bridge loan for a retail property in Florida. We provided a timely refinance solution for a borrower whose previous debt had reached maturity, ensuring the asset remained protected while the borrower executes a stabilization plan.
1Oak’s team were able to deliver on the following during this transaction:
Stabilization Strategy: Structured to provide the borrower time to optimize the asset for a future sale.
Maturity Solution: Replaced maturing debt to avoid default and maintain equity.
Interest-Only Payments: Provided a flexible payment structure to maximize cash flow during the stabilization period.