J.P. Morgan Asset Management Provides $62.3M Construction Loan For St. Augustine Multifamily Development
FINANCED
$62,300,000
+ 1
Florida
See Similar DealsMultiFamily319,400 SF
Financed 01/24/2022
FINANCED
J.P. Morgan Asset Management Provides $62.3M Construction Loan For St. Augustine Multifamily Development
County Road 208 and SR 16, St. Augustine, Florida 32084, United States
See Similar DealsMultiFamily319,400 SF
Financed 01/24/2022
+ 1
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$195
Total Square Footage:319,400 SF
Transaction Type:Loan
The Latigo Group has secured a construction loan from J.P. Morgan Asset Management for the development of a multifamily property in St. Augustine. The property, located at County Road 208 and SR-16, spans 319,400 square feet and consists of 320 units.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $62,300,000
- Units: 320
- Square Footage: 319,400
- Lender: J.P. Morgan Asset Management
- Landlord: The Latigo Group
- Brokers: Bercut Smith, Ian Shapiro, Chad Morgan, and Reid Carleton - JLL
The loan, provided by J.P. Morgan Asset Management, will support the construction of the multifamily property owned by The Latigo Group. The deal was facilitated by brokers Bercut Smith, Ian Shapiro, Chad Morgan, and Reid Carleton from JLL.
Players
BROKERAGE
LENDER
LANDLORD
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Lenders
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$62,300,000.00
Monthly NOI$415,333.33
Monthly Debt Service$393,778.38
Change in Cash Flow$0.00
Refinance Proceeds$0.00
Is there something missing? Send suggestions