Chicago, Illinois – NXT Capital announced today that it closed a $14 million loan to finance the acquisition of 850 Trafalgar, a 149,000 square foot, Class B office building located in Maitland, Florida.
850 Trafalgar has excellent visibility along Interstate 4 and is conveniently located in the Maitland Center submarket. Maitland Center is comprised of more than 7.5 million square feet of institutionally owned suburban office product, is the premier destination for many of the region’s largest employers, and offers convenient access to Downtown Orlando via Interstate 4..
C.J. Kelly in the Atlanta office of CBRE placed the loan with NXT Capital.
NXT Capital’s Real Estate Finance group primarily serves experienced real estate investors. It provides non-recourse floating rate first mortgages of $15 million to $75 million on value-add transactions. NXT Capital provides structured financing solutions through its Real Estate Finance and Corporate Finance groups, originating transactions on a national basis.