Jax Apartment Investor Inks $78M Refi
Trevato Development Group, a sister company of Block One Ventures, closed on a $78 million refinance of The Station at San Marco, a 345-unit multi-family project in Jacksonville, Florida, with a nationally known insurance company.
The refinance provides Trevato with a low-cost takeout of its construction loan at 90% of cost, and follows a $73 million refinance of another multifamily project: the Residences of Enso, completed in 2025.
The refinance for Station at San Marco provides term funding, satisfying the last remaining construction loan in Trevato’s portfolio.
The property, completed in 2024, is located at 1230 Hendricks Avenue in the San Marco neighborhood of Jacksonville. It is close to Downtown, situated among a convergence of hospitals and medical providers, a short distance from the heart of San Marco Square and less than one mile from the Southbank Riverwalk.
Other News
University of Idaho Opens 451-Bed Student Housing Property
Gilbane and Rocky Mountain Companies, along with University of Idaho, celebrated the ribbon cutting of Vandal Village, a graduate and family housing complex on U of I’s Moscow campus. Located at 1010 Deakin Ave, the 200,000-square-foot complex encompasses 240 units, offering two- to four-bedroom plans. Designed to meet a range of housing needs, the development...
Learn more
LIHI Opens 90-Unit Tiny House Village in South Park
The Low Income Housing Institute (LIHI) has opened a 90-unit tiny house village in Seattle’s South Park neighborhood. Cloverleaf Tiny House Village at 9128 10th Ave. S. is LIHI’s largest village and will operate as a 24-hour shelter, reported the Puget Sound Business Journal. The Seattle-based nonprofit developed the project in partnership with New Direction...
Learn more
Historic Kansas City Country Club Plaza MF Asset Trades
Northmarq’s Kansas City Investment Sales team, led by David Belpedio, Jeff Lamott and Casey Wilhm, brokered the sale of The Robert Browning Apartments, a 64-unit mid-rise multifamily community located at 4809 Roanoke Pkwy. in Kansas City, Missouri. Northmarq represented the seller, Bellada LLC, in the transaction. The buyer is Bird Enterprises LLC. The seven-story, 36,248-square-foot...
Learn more
Brokers
View All-
Remax Real Estate Professionals
Re/Max Real Estate Professionals
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Greg Corbin
Northgate Real Estate Group
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout