EDEN Living Secures $44.3 Million Refinance Loan For 265-Unit Build-to-Rent Property In Jacksonville
9105 Treddick Parkway
$41,500,000
$158/SF
Building Size
261,820 SF
Asset Type
—
Closing
Feb 5, 2025
AI
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
Jacksonville CRE Market Snapshot
Boundary boundary · CRE · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.38%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93