FINANCED
The Bancorp Provides $21.15M Bridge Loan For Multifamily In Jacksonville
1601 Dunn Avenue & 5928 Firestone Road
MultiFamily
Financed 59 days ago
Summary
Loan
FLORIDA
MultiFamily
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.
Players
All
7
Agents
5
Agencies
1
Lenders
1
Details
FINANCED
IMAGE: Matthew Robbins, Scott Wadler, Mitch Sinberg, Wesley Moczul & Brad Williamson
DATE: 03/01/2024
ADDRESS: 1601 Dunn Avenue & 5928 Firestone Road
MARKET: Jacksonville
ASSET TYPE: Multifamily ~ UNITS: 328
LENDER: The Bancorp
LANDLORD: Southeast Property Group
BROKERS: Matthew Robbins, Wesley Moczul (@WMoczul), Mitch Sinberg (@TheJewishIceberg), Scott Wadler (@SWadler1) & Brad Williamson - Berkadia (@Berkadia)
LOAN AMOUNT: $21,150,000
LOAN TYPE: Bridge Loan
LOAN TERMS: The fixed-rate, three-year loan includes $9.6.6 million for future capital expenditures.View on map
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Address1601 Dunn Avenue & 5928 Firestone Road
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