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Trevato Lands $76.8M Construction Loan for Jax Apartment Complex
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Trevato Development Group obtained a $76.8 million construction loan to build a mixed-use development in Jacksonville. The four-year, floating-rate loan was provided by Ameris Bank. A JLL Capital Markets team led by Mark West secured the loan.

The development, located at 1944 Beach Blvd. in Jacksonville Beach, will include a 415-unit apartment complex and 1,800 square feet of retail along Beach Boulevard.

The Class A multifamily community will offer a mix of one-, two- and three-bedroom units averaging 989 square feet. Residents will enjoy amenities including multiple courtyards, a pool complex with cabanas and sun shelf, fitness centers, co-working spaces, outdoor summer kitchens, bocce ball courts, hammock islands and a dog park with a washing station.

Construction is underway, with first units delivered in the fourth quarter of 2028 and stabilization anticipated by September 2030.

The post Trevato Lands $76.8M Construction Loan for Jax Apartment Complex appeared first on Connect CRE.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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