FINANCED
Republic Properties Corporation Secures $65 Million Construction Loan For 330-Unit Multifamily In Jacksonville
Northmarq brokers loan on multifamily property for $65,000,000 in Jacksonville
MultiFamily
Financed 1 year ago
Summary
Loan
FLORIDA
MultiFamily
A construction loan of $65,000,000 has been secured for a multifamily property in Jacksonville. The property consists of 330 units and is owned by Republic Properties Corporation.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $65,000,000
- Units: 330
The construction loan has a five-year term, with the first four years being interest-only. Afterward, there will be a 30-year amortization schedule.
The deal was facilitated by Northmarq, with brokers Chris Conklin, Errol Blumer, Ryan Saunders, Andrea Howard, Allan Lynch, Austin Jackson, Faron Thompson, Drew Markley, and Ryan Whitaker representing Republic Properties Corporation.
Players
All
10
Agents
9
Agencies
1
Details
FINANCED
IMAGE: Ryan Whitaker, Austin Jackson & Faron Thompson
DATE: 06/28/2022
MARKET: Jacksonville
ASSET TYPE: Multifamily ~ UNITS: 330
LANDLORD: Republic Properties Corporation
BROKERS: Chris Conklin, Errol Blumer, Ryan Saunders, Andrea Howard, Allan Lynch, Austin Jackson, Faron Thompson, Drew Markley & Ryan Whitaker - Northmarq
LOAN AMOUNT: $65,000,000
LOAN TYPE: Construction Loan
LOAN TERMS: five-year term including four years of interest only followed by a 30-year amortization scheduleView on map
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AddressNorthmarq brokers loan on multifamily property for $65,000,000 in Jacksonville
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