MIAMI—Jacksonville is seeing plenty of action on the multifamily front lately. The latest multifamily story to come out of Northern Florida is a $28.5 million refi on Indigo Apartments, a 323-unit, class A, garden-style multi-housing community in Jacksonville, FL.
HFF worked exclusively on behalf of the borrower to secure the 10-year, fixed-rate loan through GE Real Estate. HFF will also service the loan.
“GE recognized the high quality of both the asset and sponsorship and stepped up to deliver a very quick and aggressive execution,” says director Elliott Throne, who led the HFF team representing the borrower. The multifamily asset is located at 13525 Bartram Park Boulevard on the southeast side of Jacksonville just off Interstate 95.
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