Walker & Dunlop arranges $ 61.3 million acquisition loan for Bank of America tower in downtown Jacksonville

The Bank of America Tower is the only LEED-certified office tower in Jacksonville, according to Walker & Dunlop.

JACKSONVILLE, FL. – Walker & Dunlop Inc. has arranged a $ 61.3 million financing for the acquisition of Bank of America Tower, a 44-story office building located at 50 N Laura St. in downtown Jacksonville. Adam Schwartz, Aaron Appel, Keith Kurland, Jonathan Schwartz, Michael Ianno, Sean Bastian and Ian Hawk of Walker & Dunlop organized the financing for the buyer, the RMC Group. Prime Finance provided the three-year interest-only bridging loan, which carries a low variable interest rate.

The Bank of America Tower is the only LEED-certified office tower in Jacksonville, according to Walker & Dunlop, and offers views of the St. Johns River. The Class A high-rise building includes over 662,241 rentable square feet, a five-story annex with an additional 35,881 square feet, as well as 900 parking spaces. In addition to a new HVAC system, recent upgrades have been made to the property’s amenities, lighting systems, security systems, elevator upgrades, and renovations to all common areas and the lobby.

The RMC group bought the tower from Hertz Investment Group, according to the Jacksonville Daily Record.