FINANCED
Chance Partners & EJF Capital Refinances San Marco Multifamily Property For $95M
1810 Bertha Street & 1900 Olevia Street
MultiFamily
Financed 1 year ago
Summary
Loan
FLORIDA
MultiFamily
The recent closed property transaction in San Marco, Jacksonville involved a multifamily asset with a total of 486 units. The property is located at 1810 Bertha Street and 1900 Olevia St. The deal was finalized on 05/02/2022.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $95,000,000
- Market: San Marco, Jacksonville
The loan for this transaction was provided by Metropolitan Life Insurance Company. The landlords involved in the deal were Chance Partners and EJF Capital. The brokers who represented the parties in the transaction were Philip Rachels, Jeff Kinney, and Brett Bosworth from CBRE.
The loan amount for the refinancing loan was $95,000,000, and the loan terms included a 10-year term with full interest-only payments throughout the loan period.
Players
All
4
Agents
2
Agencies
1
Lenders
1
Details
FINANCED
IMAGE: Jeff Kinney, Philip Rachels & Brett Bosworth
DATE: 05/02/2022
ADDRESS: 1810 Bertha Street & 1900 Olevia St
MARKET: San Marco, Jacksonville
ASSET TYPE: Multifamily ~ UNITS: 486
LENDER: Metropolitan Life Insurance Company
LANDLORD: Chance Partners & EJF Capital
BROKERS: Philip Rachels, Jeff Kinney & Brett Bosworth - CBRE
LOAN AMOUNT: $95,000,000
LOAN TYPE: Refinancing Loan
LOAN TERMS: 10-year, full-term, interest-onlyView on map
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Address1810 Bertha Street & 1900 Olevia Street
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