Waypoint Residential Secures $100 Million Bridge Loan From TPG Real Estate Credit For Multifamily Portfolio

Two multifamily properties located at 12175 Philips Highway and 350 Bay Laurel Drive in Jacksonville and St. Augustine, Florida, comprising a total of 538 units were involved in this transaction. The financing secured for the properties amounted to $100 million, provided by TPG Real Estate Credit under a floating-rate bridge loan.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $100,000,000
• Lender: TPG Real Estate Credit
• Landlord: Scott Lawlor - Waypoint Residential
• Brokers: Matthew Lawton, Travis Anderson, Melissa Quinn, Gregg Shapiro, Dan Kearns, Kelsey Bawcombe, Streeter Simmons & Rob Rothaug - JLL
• Loan Type: Bridge
• Loan Terms: floating-rate

Waypoint Residential secured the financing with the assistance of JLL Capital Markets. The debt advisory team leading this arrangement included Matthew Lawton, Travis Anderson, Melissa Quinn, Gregg Shapiro, and Dan Kearns, showcasing a collaborative effort in securing the funds for the transaction.