CRE Bridge in Jacksonville

JAXPORT and the logistics base around it, not a market-wide vacancy stat we don't have. JAXPORT moved 10,230,114 total tons and 1,388,841 TEUs in fiscal year 2025, up 1.8 percent and 3.6 percent from fiscal 2024, across 1,611 vessel calls. The port's own 2024 Martin Associates study puts 30,764 direct port-dependent jobs in the Jacksonville area at an average salary of $76,706. That demand shows up in the county wage data too: Duval County had 49,535 transportation and warehousing jobs in the fourth quarter of 2025, ahead of finance and insurance at 42,274. We don't have a sourced Jacksonville office, industrial, retail or multifamily vacancy, absorption or cap rate figure to hand you, so we underwrite the asset's actual rent roll and lease terms rather than a market average. See the CRE bridge program for structure.

Use JAXPORT's published figures, not the Navy's. JAXPORT's cargo and jobs numbers are citable; NAS Jacksonville and Naval Station Mayport personnel counts are not. The port's own statistics (10,230,114 tons, 1,388,841 TEUs in fiscal 2025) and its 2024 Martin Associates economic impact study (258,800 Florida jobs, 30,764 direct port-dependent jobs locally, $44 billion in annual economic impact) are the port authority's published figures. NAS Jacksonville, Naval Station Mayport and Blount Island Command are real anchors in Duval County, but their installation pages do not publish those figures, and we won't hand you a personnel or ship count we can't source. What we can say: Duval County had 17,049 federal government jobs in December 2025 at an average weekly wage of $1,504, which is federal civilian employment and does not include active-duty military. Talk to us about the specific asset and we'll underwrite what's actually documented.

Yes, the same way it does statewide: every Florida foreclosure, commercial included, runs through the circuit court, and that remedy timeline is priced into the terms. Florida is a judicial foreclosure state, materially slower than a non-judicial state like Texas. On the legal-friction side, Florida's insurance regulator's claims-litigation table puts the Jacksonville metro's five counties in its lowest bucket: 8.16 percent of property claims closed in calendar year 2025 were litigated, against 27.27 percent in the Palm Beach, Broward and Miami-Dade region and 14.01 percent in the Orlando-area counties. That's roughly a third of South Florida's litigation rate, and it's one more reason a Jacksonville commercial file underwrites differently than a South Florida one even under the same state foreclosure statute.

Northeast Florida costs less than the rest of the state, and that shows up in your holding costs. Average homeowners premiums including wind, as of March 2026, ran $2,540 in Clay County and $2,786 in Duval County, against $3,525 in Hillsborough, $3,610 in Orange and $4,063 in Pinellas. That table is residential, not commercial, so treat it as the direction of the inland Northeast Florida advantage rather than a quote on your asset, and get an actual commercial premium before you underwrite the carry.

Not from us, and be skeptical of anyone who hands you one. We do not have a sourced, published figure for Jacksonville office, industrial, retail or multifamily vacancy, absorption, rent growth or cap rates as of this writing, and we're not going to invent one to make a pro forma look better. What we will underwrite is the specific asset in front of us: the actual rent roll, tenant credit, lease terms and your business plan for stabilizing it. If a broker quotes you a metro cap rate for a Jacksonville deal, ask for the source. Talk to us about the specific property.

Because the county's own permitting and tax structure rewards a lender who can move on the deal's schedule. The City of Jacksonville's Building Inspection Division requires electronic submission of every permit through JaxEPICS and runs on the Florida Building Code's 2023 edition, and Florida's statutory review clock still gives commercial permits under 25,000 square feet up to 60 business days. A partner buyout or repositioning play that needs to close, stabilize and refinance inside that kind of timeline needs a lender who can carry the asset through the process, not a bank underwriting queue. When the asset stabilizes, we place the permanent debt in house so the exit is tested at the front of the file.

At least a quarter of the value. Max leverage is up to 75% LTV, so on a $4,000,000 Jacksonville industrial asset that is up to $3,000,000 from us and $1,000,000 from you (4,000,000 x 75% = 3,000,000). On a cash-out rather than a purchase, the same ceiling sets how much equity you can pull. Because we do not have a sourced Jacksonville vacancy or cap rate figure, the value we lend against comes from the asset's own rent roll and lease terms, not a market average. Subject to underwriting.

No. There is no minimum score on a commercial bridge. We run credit, but this is an asset-based loan, so the property, the equity and the exit carry it in a way a bank's credit box never would. A weaker file is usually met with lower leverage rather than a decline, landing you under the 75% LTV ceiling. We do not need tax returns or pay stubs to qualify the deal, and there is no hard credit pull to start. Subject to underwriting.

Usually, if you build the permit clock into the plan. The term runs up to 24 to 36 months, interest-only, which is the window to close, stabilize and refinance. Florida's statutory review clock gives a commercial permit under 25,000 square feet up to 60 business days, and every permit in most of Duval County has to go in electronically through JaxEPICS, so a repositioning that needs permits should count that time at the front of the schedule rather than the back. Subject to underwriting.