HFF assists with loan to build Jacksonville rentals

Miami-based Capital Bank made a $26.2 million construction loan for a 300-unit rental complex

TRD MIAMI /
Sep.September 11, 2016 03:00 PM

Holliday Holliday Fenoglio Fowler, L.P. (HFF) helped a Jacksonville rental housing developer land a $26.2 million apartment construction loan from Miami-based Capital Bank.

The HFF debt placement team representing the borrower was led by managing director Elliott Throne.

The borrower is developing Integra River Run, a 300-unit apartment complex with one-, two- and three-bedroom units averaging 979 square feet in size.

The Lake Mary-based developer, Integra Land Company, is building seven four-story apartment buildings, five carriage houses that will be two stories each, and a clubhouse, plus amenities including a swimming pool and sun deck, a barbecue area, fitness center, game room and café.

Managing director Elliott Throne led the HFF debt placement team representing the developer in negotiations with Capital Bank.

The rental housing complex, scheduled for completion next year, is located within a mile of Interstate 95, near Jacksonville International Airport and the Port of Jacksonville.

Integra River Run will be located across the street from a newly built, 200,000-square-foot medical complex called UF Health North, which eventually will function as a full-service hospital. Also nearby, an Amazon fulfillment center that will employ 1,500 people is under development about three miles southwest of the apartment property.


Related Articles

arrow_forward_ios
Michael Wohl and a rendering of the project

Coral Rock lands construction loan on Hialeah project

Coral Rock lands construction loan on Hialeah project
Renderings of the project and Gil Dezer (Getty; Renderings via  Zyscovich Architects)

Dezer’s 30-acre megaproject in North Miami Beach gets first approval

Dezer’s 30-acre megaproject in North Miami Beach gets first approval
Alan Ojeda and 8894 NW 44 Street in Sunrise (Google Maps)

Rilea Group scores $46M construction loan for Sunrise apartments

Rilea Group scores $46M construction loan for Sunrise apartments
David Martin, Jorge Perez, and One Park Grove (Credit: Robin Hill)

Terra and Related pay off $112M construction loan for Park Grove condo tower

Terra and Related pay off $112M construction loan for Park Grove condo tower
Masoud Shojaee and a rendering of Shoma Village 

Shoma Group scores $67M loan for mixed-use Hialeah project

Shoma Group scores $67M loan for mixed-use Hialeah project
Housing Trust Group CEO and president Matt Rieger and Hudson Village renderings

HTG scores financing for Hollywood affordable housing project

HTG scores financing for Hollywood affordable housing project
J.C. de Ona, Southeast Florida Division President of Centennial Bank, Amelia Mixed Use rendering

Prestige Companies nabs loan for mixed-use project in Hialeah

Prestige Companies nabs loan for mixed-use project in Hialeah
Al Patel, President of Baywood Hotels and 1101 Northwest 57th Avenue (Credit: Google Maps)

Baywood scores $31M loan to build hotel near Miami International Airport

Baywood scores $31M loan to build hotel near Miami International Airport
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...