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EDEN Living Secures $44.3 Million Refinance Loan For 265-Unit Build-to-Rent Property In Jacksonville

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FINANCED
$41,500,000
Max La Cava
Rob Rothaug
+ 2

Florida

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261,820 SF
Financed 02/05/2025
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FINANCED

EDEN Living Secures $44.3 Million Refinance Loan For 265-Unit Build-to-Rent Property In Jacksonville

9105 Treddick Parkway

See Similar Deals
261,820 SF
Financed 02/05/2025
Max La Cava
Rob Rothaug
+ 2
Contact now

Summary

FLORIDA
Price Per Square Foot:$158
Total Square Footage:261,820 SF
Transaction Type:Loan

The property involved in this transaction is a Build-to-Rent asset located at 9105 Tredinick Parkway in the Jacksonville market. The asset comprises a total square footage of 261,820 and includes 265 units. The transaction involved a loan amount of $44,300,000, which was secured through a refinance.

Summary of transaction details:

  • Property Type: Build-to-Rent
  • Transaction Amount: $44,300,000
  • Address: 9105 Tredinick Parkway, Jacksonville
  • Market: Jacksonville
  • Square Footage: 261,820
  • Units: 265
  • Landlord: EDEN Living
  • Brokers: Max La Cava, Melissa Quinn, Rob Rothaug, Kenny Cutler, Pier Barinci - JLL

The key individuals involved in this transaction include Max La Cava, Melissa Quinn, Rob Rothaug, Kenny Cutler, and Pier Barinci, who all represent JLL in this deal. Their collaboration facilitated the refinance process for the landlord, EDEN Living, enhancing the funding structure for the property.

Players

Max La Cava
44 deals$1.5B volume(917) 825-7346
BROKER

Kenny Cutler
JLL
28 deals$1.4B volume
BROKER

Rob Rothaug
JLL
6 deals$411.6M volume
BROKER

Pier Barinci
JLL
27 deals$728.2M volume
BROKER

Melissa Quinn
JLL
2 deals$67.6M volume(407) 982-8741
BROKER

Details

FINANCED
IMAGE: Kenny Cutler, Melissa Quinn, Max La Cava, Rob Rothaug & Pier Barinci DATE: 02/07/25 ADDRESS: 9105 Tredinick Parkway - EDEN at Kendall West MARKET: Jacksonville ASSET TYPE: Build-to-Rent ~ SF: 261,820 UNITS: 265 LANDLORD: EDEN Living (@EdenLivingdev) BROKERS: Max La Cava (@Max_La_Cava), Melissa Quinn, Rob Rothaug, Kenny Cutler, Pier Barinci (@PierBarinci) - JLL (@JLL) LOAN AMOUNT: $44,300,000 LOAN TYPE: Refinance

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$41,500,000.00

Monthly NOI$276,666.67
Monthly Debt Service$262,308.23
Change in Cash Flow$0.00
Refinance Proceeds$0.00