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

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.