Updated Oct 15, 2025
Bridge Investment Group Provides $28.68 Million Loan For Edenfield Shores Multifamily Acquisition In Jacksonville
5885 Edenfield Road
$28,680,000
$83/SF
Building Size
343,157 SF
Asset Type
MultiFamily
Closing
Oct 2, 2025
About this deal
AI
The property asset involved in this transaction is multifamily housing located at 5885 Edenfield Road in Jacksonville, FL. The property consists of 332 units and has a total square footage of 343,157. The loan amount secured for this acquisition is $28,680,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $28,680,000
- Address: 5885 Edenfield Road
- Market: Jacksonville, FL
- Units: 332
- Square Footage: 343,157
- Lender: Bridge Investment Group
- Broker Representatives: Dylan Kane, Zach Redding & Jared King - Colliers
The individuals involved in this deal include Dylan Kane, Zach Redding, and Jared King, who represent Colliers. They played a crucial role in facilitating this acquisition with the lender, Bridge Investment Group.
On the Map
$28,680,000
$83/SF
MultiFamily
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Players
Jacksonville MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.55%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93