facebook
Traded Co logo
Submit a Deal

J.P. Morgan Asset Management Provides $62.3M Construction Loan For St. Augustine Multifamily Development

County Road 208 & SR-16
PointingArrow
ShareContact

This MultiFamily property located in FL received a loan of $62,300,000 about 2 years ago. The brokers of the deal were Chad Morgan, Ian Shapiro, Reid Carleton, and Bercut Smith

The Latigo Group has secured a construction loan from J.P. Morgan Asset Management for the development of a multifamily property in St. Augustine. The property, located at County Road 208 and SR-16, spans 319,400 square feet and consists of 320 units.

Summary of transaction details

The loan, provided by J.P. Morgan Asset Management, will support the construction of the multifamily property owned by The Latigo Group. The deal was facilitated by brokers Bercut Smith, Ian Shapiro, Chad Morgan, and Reid Carleton from JLL.

View Related

Deals
  • Location
    County Road 208 and SR 16, St. Augustine, Florida 32084, United StatesCounty Road 208 and SR 16, St. Augustine, Florida 32084, United States
  • Loan Value
    $62,300,000$62,300,000
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    4 Brokers, 1 Agency, 1 Lender4 Brokers, 1 Agency, 1 Lender

Agents

Ian Shapiro

Ian Shapiro

Deals2
Financed$86.6M

Chad Morgan

Chad Morgan

Deals6
Financed$271M

Reid Carleton

Reid Carleton

Deals11
Financed$524.5M

Bercut Smith

Bercut Smith

Deals6
Financed$1B

Agency

JLL

JLL

Agency
Deals5591
Volume$332.6B

JPMorgan Chase

JPMorgan Chase

Lender
Deals167
Volume$ 2.2T

Social

Deal Summary

LOAN IMAGE: Ian Shapiro, Reid Carleton, Bercut Smith & Chad Morgan DATE: 01/24/2022 ADDRESS: County Road 208 & SR-16 MARKET: St. Augustine ASSET TYPE: Multifamily ~ UNITS: 320 ~ SF: 319,400 LENDER: J.P. Morgan Asset Management LANDLORD: The Latigo Group BROKERS: Bercut Smith, Ian Shapiro, Chad Morgan & Reid Carleton - JLL LOAN AMOUNT: $62,300,000 LOAN TYPE: Construction Loan

Comparables


We could not find what you were looking for, try a different filter

Contact

Broker's profile image

County Road 208 & SR-16

  • Social

  • Comparables

  • Contact

  • Share


  • Login to Suggest Edits