HFF assists with loan to build Jacksonville rentals

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
Eric Hassberger and Matthew Vander Werff with an aerial of the property
AJ Capital Partners invests in Opportunity Zone portfolio in Miami’s Little River
AJ Capital Partners invests in Opportunity Zone portfolio in Miami’s Little River
Now streaming: TRD’s podcast Deconstruct on what’s next for Surfside
Now streaming: TRD’s podcast Deconstruct on what’s next for Surfside
Now streaming: TRD’s podcast Deconstruct on what’s next for Surfside
Related's Jorge Pérez and Jon Paul Pérez, Teddy Sagi and a rendering of the White House Inn
Related, billionaire Teddy Sagi partner to acquire waterfront North Miami site
Related, billionaire Teddy Sagi partner to acquire waterfront North Miami site
“Record-setting” market: Real estate powerhouses talk tech, infrastructure, development and hot housing market at TRD’s Miami event
“Record-setting” market: Real estate powerhouses talk tech, infrastructure, development and hot housing market at TRD’s Miami event
“Record-setting” market: Real estate powerhouses talk tech, infrastructure, development and hot housing market at TRD’s Miami event
Las Vegas developer bets on hot multifamily market with first Miami ground-up project
Las Vegas developer bets on hot multifamily market with first Miami ground-up project
Las Vegas developer bets on hot multifamily market with first Miami ground-up project
Developer of Pompano Beach apartments scores $62M construction loan
Developer of Pompano Beach apartments scores $62M construction loan
Developer of Pompano Beach apartments scores $62M construction loan
Raimundo Onetto, CEO of Alta Developers, with a rendering of the project (Behar Font & Partners, Alta)
More apartments on tap: Alta nabs $77M loan for project near Pinecrest
More apartments on tap: Alta nabs $77M loan for project near Pinecrest
Melo’s second downtown Miami apartment project scores $75M construction loan
Melo’s second downtown Miami apartment project scores $75M construction loan
Melo’s second downtown Miami apartment project scores $75M construction loan
arrow_forward_ios

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

Loading...