R.O.I. Capital Secures $73 Million Refinance Loan From Freddie Mac For Jacksonville Multifamily Properties
5551 Auburn Road
$73,000,000
$73,000,000/SF
Building Size
1 SF
Asset Type
MultiFamily
Closing
Sep 30, 2024
AI
The transaction involves a multifamily asset located at 5327 Timuquana Road & 5551 Auburn Road in Jacksonville. The loan amount secured for refinancing stands at $73,000,000, facilitated by Freddie Mac, ensuring the financial needs of the landlord, R.O.I. Capital, are met.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $73,000,000
- Lender: Freddie Mac
- Landlord: R.O.I. Capital
- Brokers: Brad Williamson, Wesley Moczul, Mitch Sinberg, Matthew Robbins & Scott Wadler - Berkadia
- Loan Type: Refinance
The deal involved the collaborative efforts of several brokers, including Brad Williamson, Wesley Moczul, Mitch Sinberg, Matthew Robbins, and Scott Wadler, all representing Berkadia. Their collective expertise contributed to the successful execution of this refinance transaction in the Jacksonville market.
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
0.22%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93