North Avenue Capital loans $1.4 Million to The Manor, North Florida's Elegant, Rustic Wedding & Event Venue
PONTE VEDRA, Fla., Oct. 9, 2018 /PRNewswire/ -- North Avenue Capital (NAC), a specialized commercial lender, has announced a $1.4 million deal closed with 12 Oaks Farm LLC in Green Cove Springs, Fla. The USDA Rural Development Business & Industry loan helped repurpose a 42-acre horse farm into a premier wedding and private event venue. With its natural, elegant, and rustic setting, The Manor at 12 Oaks Farm offers a picturesque lake, a first-class Bridal Suite, fully-appointed Groom's Quarters, horses, a breath-taking stone terrace, and parking for as many as 300 guests. Strategically located near major cities including Jacksonville, St. Augustine, Gainesville, Daytona, and Ocala, Fla., the newly renovated venue is already hosting and accepting bookings for private parties, corporate gatherings, and weddings.
The Manor was birthed from the recognition of a lack of affordable event options for residents of North Florida. Owner, Steve Magiera, was eager to transition out of corporate life and follow his dream to start his own business. "I found NAC in 2017 as traditional lending options weren't going to meet the unique requirements of this project," said Magiera. He added that NAC and the rural loan provided the structure and stability needed to see his vision become a reality.
According to NAC Chief Executive, Ben Chatraw, The Manor is a great example of rural businesses struggling to secure financing. "Not only will The Manor create lasting memories for their guests, but they will contribute greatly to job and revenue growth for Clay County."
With wedding and event bookings already mounting, including local economic development and chamber of commerce gatherings, The Manor, together with the top wedding and event service providers in the area, offers a complete menu of services ranging from wedding planning to catering, floral design, and photography. Whether guests choose to use The Manor's partners to create a full-service package or bring their own personal touch to their special day, Magiera says The Manor provides multiple indoor and outdoor settings for ceremonies, meetings, dining, dancing, and photos nearly year-round. "The Manor prides itself in giving guests, whether bride and groom, family and friends, or business leaders, exclusive access to the grounds for a memorable day."
About North Avenue Capital
North Avenue Capital is a specialized commercial lender exclusively originating, underwriting, and funding USDA RD loans nationwide. Using its expertise, capital, and relationships, NAC is committed to building businesses, growing economies, and creating jobs in rural America. Visit the website at www.northavenue.com.
About The Manor at 12 Oaks Farm
The Manor is North Florida's newest premier wedding & event venue, combining elegant refinement & rustic beauty for a one-of-a-kind celebration. Located in Green Cove Springs, The Manor is within 80 miles of 2.3 million Northeast Florida residents, ideal for weddings and events hosting up to 300 guests. Visit the website at https://themanor12oaks.com.
Contact: Joseph Rowell
Office: 904-562-2617
Cell: 404-822-7761
[email protected]
SOURCE North Avenue Capital
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