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Mezzanine Loans in Jacksonville, FL

Find lenders offering mezzanine loans in the Jacksonville, including St. Augustine, Orange Park, Ponte Vedra Beach, and surrounding areas. Compare rates, terms, and programs from 8 lenders.

Lenders
8
Typical Rate
6.75% - 11.97%
Down Payment
Often 10-25% sponsor equity
Term
5-10 years
Closing Time
30-60 days

What does the Jacksonville commercial real estate market look like?

Jacksonville is the largest city by land area in the contiguous U.S., offering extensive development capacity that keeps commercial land costs well below South Florida levels. The Southside/Gate Parkway corridor houses major financial operations for Deutsche Bank, FIS, and Black Knight, while JAXPORT's growing container volumes have spurred industrial development along the Northside and Westside. Downtown Jacksonville is undergoing revitalization with the former Shipyards site and Lot J project adjacent to TIAA Bank Field. The city's military presence — Naval Station Mayport and Naval Air Station Jacksonville — provides a stable economic anchor and drives demand for government-contracted office and industrial space.

Key Economic Drivers

  • JAXPORT container terminal expansion and Northside logistics corridor
  • Financial services operations centers for FIS, Black Knight, and Deutsche Bank
  • Naval Station Mayport and NAS Jacksonville military-driven demand
  • Downtown Shipyards and Lot J redevelopment catalyzing urban core investment

Market Insight

Jacksonville offers a Qualified Target Industry Tax Refund program that can provide $3,000 to $6,000 per job created for qualifying businesses, and the city's Northside industrial corridor benefits from a Foreign Trade Zone designation that reduces duty costs for import-dependent tenants.

How do mezzanine loans work in Jacksonville, Florida?

Mezzanine loans are subordinate real estate loans secured by a pledge of the borrower's ownership interests rather than a mortgage lien on the property itself. Borrowers use them when the senior lender's proceeds stop short and they want to reduce the common equity check. In the Jacksonville metro area, borrowers can access 8 lenders offering Mezzanine financing, including St. Augustine, Orange Park, Ponte Vedra Beach, and surrounding areas. Loan amounts typically range from $1M to $100M with rates from 6.75% - 11.97%.

Who should consider mezzanine loans?

  • Large acquisitions with a capital gap
  • Recapitalizations
  • Senior-loan executions that stop short on proceeds
  • Experienced sponsors managing intercreditor terms

What are the key requirements?

  • Usually at least a $1M capital need
  • Strong sponsor track record and exit plan
  • Senior lender consent plus an intercreditor agreement
  • Debt service and leverage that still work for the full stack

Advantages

  • Can reduce the common equity check
  • Usually no direct property lien
  • Often structured interest-only
  • Can add proceeds above a senior mortgage

Considerations

  • Usually the priciest layer in the stack
  • Senior lender approval is typically required
  • Intercreditor terms can limit remedies
  • Often not a fit for small-balance deals

Mezzanine Loans in Jacksonville FAQ

How many Mezzanine lenders serve Jacksonville, FL?
There are 8 lenders offering mezzanine loans in the Jacksonville metro area. Loan amounts typically range from 1000K to 100M with rates from 6.75% - 11.97%.
What are Mezzanine loan rates in Jacksonville?
Mezzanine loan rates in Jacksonville typically range from 6.75% - 11.97%, though exact rates depend on factors like your credit score, the property's cash flow, and loan-to-value ratio. Down payments usually run Often 10-25% sponsor equity, and closing can take 30-60 days. Compare multiple Jacksonville-area lenders to find the best terms for your deal.
What is a mezzanine loan in real estate?
It is subordinate capital that sits between the senior mortgage and the sponsor's common equity. Instead of taking a mortgage lien, the mezz lender usually takes a pledge of the ownership interests in the property-owning entity.
How is mezzanine debt different from preferred equity?
Mezzanine debt is a loan with a maturity date and UCC foreclosure rights against the pledged ownership interests. Preferred equity is an ownership investment with negotiated control rights and no UCC foreclosure remedy.
Do senior lenders have to approve mezzanine debt?
Usually yes. The senior lender commonly requires an intercreditor agreement that sets cure rights, notice rules, and what happens if the mezz lender tries to enforce its remedies.
How small can a mezzanine loan be?
Published market tables still show mezzanine programs starting around $1 million. Smaller deals usually end up with more equity, a bridge loan, or a different senior structure instead.

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