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9105 Treddick Parkway

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

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

Max La Cava

JLL

Broker

$1.5B

vol

45 deals

Broker

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