JACKSONVILLE, FL – Berkadia arranged the $11,850,000 sale and financing of Eagle’s Pointe Apartments, a garden-style apartment community with 188 units, located on 3501 Townsend Boulevard in Jacksonville, Florida.
Greg Rainey, Director in Berkadia’s Jacksonville office, Cole Whitaker, Senior Managing Director in the Orlando office, along with Berkadia Senior Directors Tal Frydman in the Boca Raton office and Jason Stanton in the Tampa office, negotiated the transaction representing the seller, San Diego-based Pacifica Companies. Berkadia’s Florida Financing Team, led by Jeff Kinney, Senior Managing Director in Jacksonville, also assisted the buyer, Delray Beach-based Harvest Holdings, LLC, with the debt procurement of the asset through Fannie Mae.
“The sale of Eagles Pointe provides another great example of the strength of North Florida’s apartment market,” said Rainey. “Through the collaboration of Berkadia Florida’s investment sales and mortgage banking teams, we were able to provide the most aggressive debt quotes in the market to the buyer, while ensuring a seamless transaction for both buyer and seller.”
Built in 1972, Eagle’s Pointe is located near main thoroughfares and I-295, conveniently situated 15 minutes away from Downtown Jacksonville. Eagle’s Pointe is also surrounded by a variety of shopping and dining, and features close proximity to JAXPORT, Memorial Hospital, and Jacksonville International Airport. The complex includes two-story buildings, offering one-, two-, and three-bedroom floor plans, with common area amenities that include a business center, fitness center, and swimming pool.
About Berkadia: Berkadia, a joint venture of Berkshire Hathaway and Leucadia National Corporation, is a leader in the commercial real estate industry, offering a robust suite of services to our multifamily and commercial property clients. Through our integrated mortgage banking, investment sales and servicing platform, Berkadia delivers comprehensive real estate solutions for the entire life cycle of our clients’ assets. To learn more about Berkadia, please visit www.berkadia.com