Axonic Properties Acquires Multifamily Property In Jacksonville With Bridge Loan

Located at 12171 Beach Blvd in Jacksonville, this multifamily property spans over 181,060 square feet. The transaction took place on October 15, 2021. The property is owned by Axonic Properties, with Jonathan Shechtman and Brian Kennedy representing the landlord. The loan for this transaction was provided by Key Bank, with Alan Isenstadt serving as the lender's representative. The loan amount totals $23,500,000 and is classified as a bridge loan.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $23,500,000
• Address: 12171 Beach Blvd
• Market: Jacksonville
• Square Footage: 181,060
• Lender: Key Bank - Alan Isenstadt
• Landlord: Axonic Properties - Jonathan Shechtman & Brian Kennedy

The brokerage services for this deal were provided by Dhaval Patel from Walker & Dunlop, representing the buyer or seller. The involvement of these key individuals and companies highlights the various roles played in the transaction, ensuring its successful completion.