Colliers is pleased to present the opportunity to partner with PSJ Realty LLC on The Overlook at Port St. Joe, a newly built, fully leased behavioral health campus on St. Joseph Bay. The 49-unit waterfront property is 100% leased to Florida Treatment Centers, LLC under a 25-year absolute triple net lease.

Colliers is seeking $8,000,000 of mezzanine or preferred equity behind a $25,000,000 senior loan. The position pays 12.00% current over a 24-month term and detaches at 65.1% of the $50,700,000 as-is value. Rent covers mezzanine interest 1.75× after senior debt service.