The Bancorp Provides $21.15M Bridge Loan For Multifamily In Jacksonville

Located in Jacksonville, the multifamily property at 1601 Dunn Avenue & 5928 Firestone Road consists of 328 units. The asset was financed through a bridge loan provided by The Bancorp, totaling $21,150,000. The loan includes $9.6 million allocated for future capital expenditures.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $21,150,000
• Lender: The Bancorp
• Landlord: Southeast Property Group
• Brokers: Matthew Robbins, Wesley Moczul, Mitch Sinberg, Scott Wadler, & Brad Williamson - Berkadia
• Loan Type: Bridge Loan
• Loan Terms: The fixed-rate, three-year loan includes $9.6 million for future capital expenditures

The individuals and companies involved in this transaction include Matthew Robbins, Wesley Moczul, Mitch Sinberg, Scott Wadler, and Brad Williamson from Berkadia representing the parties in the deal.