Beachwold Residential Secures $50.5 Million Refinance Loan For Multifamily Asset In Jacksonville

The property asset involved in this transaction is a multifamily asset located at 13444 Gran Bay Parkway in the Jacksonville market, featuring 308 units and a total square footage of 312,100. The loan for this property amounts to $50,500,000 and is classified as a refinance with terms set for 5 years.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $50,500,000
• Asset Address: 13444 Gran Bay Parkway
• Market: Jacksonville
• Units: 308
• Square Footage: 312,100
• Lender: Russell Frahm & Brad McCarthy - Mesa West Capital
• Landlord: Beachwold Residential
• Broker: Taylor Williams - Walker & Dunlop
• Loan Type: Refinance
• Loan Terms: 5 years

This transaction involves key individuals and companies, including Russell Frahm and Brad McCarthy from Mesa West Capital acting as lenders for the refinance of the property. Taylor Williams from Walker & Dunlop represents the landlord, Beachwold Residential, in this deal.