Hard Money Lenders Provides $2.5M Bridge Loan For Jacksonville Multifamily Properties

The property involved in this transaction is a multifamily asset located at 2535 Jammes Road, 1956 Jammes Road, 550 Comet Street, and 5566 Kingsbury Road in Jacksonville. With a total of 144 units and a square footage of 117,000, this property presents a significant investment opportunity in the Jacksonville market.

Summary of transaction details

• Property Type: MultiFamily
• Transaction Amount: $2,500,000
• Market: Jacksonville
• Landlord: People Choice Apartments - Jarek Tadla
• Broker: Yuval Elkeslasi - Hard Money Lenders

The borrower, People Choice Apartments represented by Jarek Tadla, sought a 2nd position mortgage on these four multifamily properties in Jacksonville. This loan of $2,500,000 was acquired from Hard Money Lenders, with Yuval Elkeslasi serving as the broker. The purpose of the loan was to secure funding for a construction project on the beach. Hard Money Lenders, located in Aventura, Florida, is a boutique private money lender actively providing 2nd position loans for investment assets. The dedicated team at Hard Money Lenders worked diligently to facilitate this transaction and meet the borrower's needs.