Chicago, Illinois – NXT Capital announced today that it provided a $21 million first mortgage loan to finance the acquisition of 580 Corporate Center, a six-building, class-B office/flex/industrial portfolio located in Tampa, Florida.
The property is located just west of the intersection of Race Track Road and Tampa Road with excellent accessibility to northern Pinellas and NW Hillsborough County. 580 Corporate Center is also ten miles from Tampa International Airport.
NXT Capital’s Real Estate Finance group primarily serves experienced real estate investors. It provides non-recourse first mortgages of $10 million to $40 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.