Chicago, Illinois – NXT Capital announced today that it closed a $14 million first mortgage loan to finance the acquisition of Innovation Center, a 563,000 square-foot, industrial warehouse in Lake Mary, Florida.
Innovation Center is conveniently located near Downtown Orlando, Interstate 4 and the Orlando Sanford International Airport. The property features a fully insulated warehouse ceiling, heavy power, and trailer storage for 40-50 trailers.
Chris Drew in the Miami office of HFF placed the loan with NXT Capital.
NXT Capital’s Real Estate Finance group primarily serves experienced real estate investors. It provides non-recourse first mortgages of $10 million to $75 million for major-market properties with initial DSC greater than 1.0X. NXT Capital provides structured financing solutions through its Real Estate Finance and Corporate Finance groups, originating transactions on a national basis.