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

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FINANCED
$31,300,000
Greg Rainey
Brad Williamson
+ 3

Florida

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MultiFamily
Financed 06/12/2025
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FINANCED

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

9455 103rd Street

See Similar Deals
MultiFamily
Financed 06/12/2025
Greg Rainey
Brad Williamson
+ 3
Contact now

Summary

FLORIDA
Asset Type:MultiFamily
Transaction Type:Loan

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.

Players

Brad Williamson
107 deals$6.8B volume(786) 646-2580
BROKER

Mitch Sinberg
Berkadia
131 deals$8.3B volume(561) 609-4006
BROKER

Matthew (Matt) Robbins
Berkadia
113 deals$6.8B volume
BROKER

Scott Wadler
Berkadia
160 deals$9.8B volume
BROKER

Greg Rainey
Cushman & Wakefield
8 deals$253.2M volume
BROKER

Hugo Hernandez
Berkadia
9 deals$617.9M volume
BROKER

Berkadia
BROKERAGE

Berkadia
LENDER

Details

FINANCED
IMAGE: Mitch Sinberg, Hugo Hernandez, Greg Rainey, Matthew Robbins, Scott Wadler & Brad Williamson DATE: 6/12/2025 ADDRESS: 9455 103rd Street MARKET: Jacksonville ASSET TYPE: Multifamily ~ UNITS: 289 LENDER: Berkadia via Freddie Mac LANDLORD: Argyle Real Estate Capital BROKERS: Matthew Robbins, Mitch Sinberg (@MitchSinberg), Scott Wadler (@SWadler1), Greg Rainey, Brad Williamson (@Howu_b_livin) & Hugo Hernandez - Berkadia (@Berkadia) LOAN AMOUNT: $31,300,000 LOAN TYPE: Acquisition LOAN TERMS: a 10-year term, floating rate, and 7 years interest-only.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$31,300,000.00

Monthly NOI$208,666.67
Monthly Debt Service$197,837.29
Change in Cash Flow$0.00
Refinance Proceeds$0.00