Updated Aug 6, 2025
Ceiba Groupe's Adam Bedzow & Jeremy Bedzow Secure $40.2M Construction Loan In Jacksonville
15275 Main Street
$40,200,000
Units
227
Asset Type
MultiFamily
Closing
Jul 7, 2025
About this deal
AI
The asset involved in this transaction is a multifamily and build-to-rent property located at 15275 Main Street in Jacksonville, comprising 227 units. The total loan amount secured for this construction project is $40,200,000.
Summary of transaction details:
- Property Type: Multifamily & BTR
- Transaction Amount: $40,200,000
- Address: 15275 Main Street
- Market: Jacksonville
- Lender: Crestline Investors
- Landlord: Adam Bedzow & Jeremy Bedzow - Ceiba Groupe
- Landlord's Representatives: Brian Gaswirth, Kenny Cutler, Justin Ratcliffe & Chris Drew - JLL
- Loan Type: Construction
The transaction is represented by Brian Gaswirth, Kenny Cutler, Justin Ratcliffe, and Chris Drew, all affiliated with JLL, representing the landlords, Adam Bedzow and Jeremy Bedzow of Ceiba Groupe, in securing the construction loan for this multifamily asset.
On the Map
$40,200,000
MultiFamily
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Players
Jacksonville MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.39%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93