February 11, 2019 Comments Off on Hunt Finances Acquisition of Jacksonville MF Views: 1596 Florida, National News, North Florida, Southeast

Hunt Finances Acquisition of Jacksonville MF

New York-based Hunt Real Estate Capital provided a Fannie Mae conventional multifamily loan in the amount of $35.6 million to finance the acquisition of a multifamily property located in Jacksonville, FL. Integra River Run is a 300-unit, garden-style apartment complex comprised of 12, two-and four-story buildings.

The borrower is Birmingham, AL-based EBSCO Integra River Run, LLC, which will acquire the property from Integra Riverside, LLC. The buyer is a wholly-owned subsidiary of EBSCO Income Properties, LLC.

The non-recourse Fannie Mae loan has a 10-year term with five-years of interest only, and will amortize over 30 years. Integra at River Run is located in an established area of Jacksonville 10 miles north of the Jacksonville CBD.

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