Argyle Real Estate Capital Secures $31.3 Million Acquisition Loan For 289-Unit Multifamily In Jacksonville

The property asset involved in the transaction is a multifamily complex located at 9455 103rd Street in the Jacksonville market, consisting of 289 units. The acquisition loan amount associated with this asset is $31,300,000, secured through Berkadia via Freddie Mac. The loan features a 10-year term with a floating rate and offers 7 years of interest-only payments.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $31,300,000
• Address: 9455 103rd Street
• Market: Jacksonville
• Lender: Berkadia via Freddie Mac
• Landlord: Argyle Real Estate Capital
• Loan Type: Acquisition
• Loan Terms: 10-year term, floating rate, 7 years interest-only
• Units: 289

The deal involves key individuals from Berkadia, including brokers Matthew Robbins, Mitch Sinberg, Scott Wadler, Greg Rainey, Brad Williamson, and Hugo Hernandez, who represent the landlord, Argyle Real Estate Capital, effectively coordinating the loan acquisition process.