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Jay Massirman, Jay Jacobson, Sergio Socolsky & Marc Chasin Of EDEN Living Secure $114M Bridge Financing For 638 Build-to-Rent Homes

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FINANCED
$100,000,000
Melissa Marcolini Quinn

Florida

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MultiFamily523,594 SF
Financed 06/12/2025
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FINANCED

Jay Massirman, Jay Jacobson, Sergio Socolsky & Marc Chasin Of EDEN Living Secure $114M Bridge Financing For 638 Build-to-Rent Homes

4850 Heritage Lakes Boulevard & 9105 Treddick Parkway

See Similar Deals
MultiFamily523,594 SF
Financed 06/12/2025
Melissa Marcolini Quinn
Contact now

Summary

FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$191
Total Square Footage:523,594 SF
Transaction Type:Loan

The transaction involves 638 units of Build-to-Rent, Single-Family Homes located at 4850 Heritage Lakes Boulevard and 9105 Treddick Parkway. The total square footage of the properties is 625,717. The properties are situated in the Melbourne and Jacksonville markets and have an associated loan amount of $114,000,000 through bridge financing.

Summary of transaction details:

  • Property Type: Build-to-Rent, Single-Family Homes
  • Transaction Amount: $114,000,000
  • Address: 4850 Heritage Lakes Boulevard & 9105 Treddick Parkway
  • Market: Melbourne & Jacksonville
  • Units: 638
  • Square Footage: 625,717
  • Landlord: Jay Massirman, Jay Jacobson, Sergio Socolsky & Marc Chasin - EDEN Living
  • Brokers: Max La Cava & Melissa Marcolini Quinn - JLL
  • Loan Type: Bridge Financing

The deal involves prominent individuals including landlords Jay Massirman, Jay Jacobson, Sergio Socolsky, and Marc Chasin from EDEN Living, who are responsible for the property ownership. The brokerage representation comes from Max La Cava and Melissa Marcolini Quinn of JLL, who facilitated the transaction.

Players

Max La Cava
44 deals$1.5B volume(917) 825-7346
BROKER

Melissa Marcolini Quinn
JLL
13 deals$1B volume
BROKER

JLL
BROKERAGE

Details

FINANCED
IMAGE: Marc Chasin, Jay Massirman, Max La Cava & Melissa Marcolini Quinn DATE: 6/13/2025 ADDRESS: 4850 Heritage Lakes Boulevard & 9105 Treddick Parkway MARKET: Melbourne & Jacksonville ASSET TYPE: Build-to-Rent, Single-Family Homes~ UNITS: 638 ~ SF: 625,717 LANDLORD: Jay Massirman (@JayhMassir), Jay Jacobson, Sergio Socolsky & Marc Chasin (@MarcChasin) - EDEN Living (@EdenLivingdev) BROKERS: Max La Cava (@Max_La_Cava) & Melissa Marcolini Quinn- JLL (@JLL) LOAN AMOUNT: $114,000,000 LOAN TYPE: Bridge Financing # BuildtoRentSingleFamilyHomes

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$100,000,000.00

Monthly NOI$666,666.67
Monthly Debt Service$632,068.02
Change in Cash Flow$0.00
Refinance Proceeds$0.00