Rich Properties Secures $38.76M Fannie Mae Loan For 244-Unit Multifamily Property In Jacksonville

The address of the property involved in this transaction is 1462 Solera Terrace in Jacksonville. The property is a multifamily building with 244 units.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $38,760,000
• Loan Amount: $38,760,000
• Loan Terms: 10-year loan with a fixed interest rate and four years of interest-only payments
• Lender: Fannie Mae
• Landlord: Rich Properties
• Brokers: Mitch Sinberg & Matthew Robbins - Berkadia

The lender in this transaction is Fannie Mae. The property is owned by Rich Properties. The brokers involved in the deal are Mitch Sinberg and Matthew Robbins from Berkadia.