Venterra Realty Secures $38.3M Loan For Multifamily Property In Jacksonville

The property asset involved in this transaction is a multifamily development located at 13700 Sutton Park Drive N. in Jacksonville. The asset comprises 280 units and has been financed through a loan amounting to $38,300,000 with a loan term of 10 years.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $38,300,000
• Loan Terms: 10-year loan
• Lender: Freddie Mac - David Brickman
• Landlord: Venterra Realty - John Foresi
• Broker: Walker & Dunlop - Willy Walker

This transaction reflects the collaboration between key figures in the real estate finance sector. David Brickman represents Freddie Mac, while John Foresi acts on behalf of Venterra Realty. Willy Walker serves as the broker from Walker & Dunlop, facilitating the loan process for the multifamily property.