Excerpted from December 16, 2019 issue of Crittenden Report.
Franklin Street Capital Advisors
1311 N. Westshore Blvd., Suite 200, Tampa, FL 33607
Ben Miller, Director, Loan Origination
Casey Siggins, Director, Loan Origination
Franklin Street arranged a mini-perm construction loan for a 23,713-s.f. behavioral health facility located in Hammond, La. The sponsors, experienced healthcare developers, started the construction with their own equity to keep with leasing timelines for opening the new facility. Franklin Street was able to obtain cash-out financing to allow the sponsor to recoup their additional equity in the deal.