Jacobs Real Estate Advisors is proud to announce that we have provided a $1.9 million bridge loan for the acquisition of 45 acres for a retail development located in a Raleigh, North Carolina suburb.
Sholom Jacobs of Jacobs Real Estate Advisors originated the loan on behalf of the borrowers, Jasko Development (Avner Krohn), Zelman Real Estate (Brian Zelman), and Eli Stahler.
“Jacobs Real Estate Advisors provided a thorough financing solution that allows Jasko Development and partners to execute their business plan with exceptional flexibility,” said Jacobs
“Jasko is thrilled to add a well-located development in a rapidly growing North Carolina suburb to our pipeline.” added Krohn.
While the project is still in the design phase, the developers’ initial vision is for a pedestrian-friendly, mixed-use project that could include a grocer, service tenants, in-demand local and national retailers and restaurants, and medical and/or other offices.
