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5551 Auburn Road

R.O.I. Capital Secures $73 Million Refinance Loan From Freddie Mac For Jacksonville Multifamily Properties
FINANCEDMultiFamily

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:

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

Brad Williamson

Berkadia

Broker

$7B

vol

111 deals

Broker

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