Flexible Financing in Response to Rising Interest Rates

With projects concentrated in Tampa and Orlando, this real estate investment and acquisition firm focuses on joint ventures and outside capital. When they needed just over $9 million to finance a retail strip center redevelopment project, they came to First American Bank.

Our lending specialists provided a two-year construction line of credit for the full amount requested. We also offered two separate post-construction extension options, each contingent upon meeting clearly defined metrics. Finally, we provided two separate pre-payment options depending on which extension option they choose.

This creative loan structure will enable the borrower to complete construction with ease, granting much-needed post-construction flexibility through the extensions. And having two separate exit options before potential outside financing was a plus—especially in today’s interest rate market.