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Trevato Development Group Secures $7.8 Million Refinance For 345-unit Multifamily In Jacksonville

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FINANCED
$78,000,000

Florida

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MultiFamily
Financed 05/05/2026
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Property Image
FINANCED

Trevato Development Group Secures $7.8 Million Refinance For 345-unit Multifamily In Jacksonville

1230 Hendricks Avenue

See Similar Deals
MultiFamily
Financed 05/05/2026
the dealdetailscomps

Summary

FLORIDA
Asset Type:MultiFamily
Transaction Type:Loan

The Station at San Marco is a 345-unit multifamily property located at 1230 Hendricks Avenue in Jacksonville. The asset was refinanced for a total loan amount of $7,800,000, enabling Trevato Development Group to replace its construction loan at 90% of cost.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $7,800,000
  • Address: 1230 Hendricks Avenue
  • Market: Jacksonville
  • Landlord: Trevato Development Group
  • Loan Type: Refinance

Trevato Development Group, affiliated with Block One Ventures, secured this refinance from a national insurance company. This transaction effectively concludes Trevato’s series of construction loan takeouts, following a previous refinancing of $73,000,000, allowing the firm to stabilize its multifamily portfolio with low-cost, long-term financing.

Details

FINANCED
IMAGE: 05/05/2026 ADDRESS: 1230 Hendricks Avenue MARKET: Jacksonville ASSET TYPE: Multifamily ~ UNITS: 345 LANDLORD: Trevato Development Group LOAN AMOUNT: $78,000,000 LOAN TYPE: Refinance NOTE: Trevato Development Group, a sister company of Block One Ventures, secured a $78M refinance from a national insurance company for The Station at San Marco, a 345-unit multifamily property in Jacksonville, replacing its construction loan at 90% of cost. The deal completes Trevato’s construction loan takeouts following a prior $73M refinance, locking in low-cost, long-term financing as the firm stabilizes its multifamily portfolio.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$78,000,000.00

Monthly NOI$520,000.00
Monthly Debt Service$493,013.06
Change in Cash Flow$0.00
Refinance Proceeds$0.00