Northmarq Arranges $56M Construction Loan For 360-Unit Multifamily In Jacksonville | 7237 Corklan Drive | Ryan Whitaker | MultiFamily | Loan

Summary

Loan

FLORIDA

MultiFamily

Located at 7237 Corklan Drive in Jacksonville, this multifamily property consists of 360 units. The transaction took place on 09/21/2022 and was facilitated by Ryan Whitaker from Northmarq. The property image for this deal can be found on Ryan Whitaker's Instagram page.

Summary of transaction details

Property Type: Multifamily
Transaction Amount: $56,000,000
Market: Jacksonville
Loan Type: Construction Loan
Loan Terms: 10-year fixed-rate loan, interest-only loan

The loan amount for this deal was set at $56,000,000, and it was secured through a construction loan. The terms of the loan include a 10-year fixed rate with interest-only payments.

Ryan Whitaker from Northmarq represented the parties involved in this transaction.

Players

All
2

Agents
1
Agencies
1

Ryan Whitaker

Senior Vice President /Managing Director

$750M Sold

NorthMarq

Details

Deal Summary

FINANCED

IMAGE: Ryan Whitaker DATE: 09/21/2022 ADDRESS: 7237 Corklan Drive MARKET: Jacksonville ASSET TYPE: Multifamily ~ UNITS: 360 BROKER: Ryan Whitaker - Northmarq (@Northmarq) LOAN AMOUNT: $56,000,000 LOAN TYPE: Construction Loan LOAN TERMS: 10-year, fixed-rate loan, interest-only loan

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Address7237 Corklan Drive

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