Mesa West Provides $51M First Mortgage Refi on Jacksonville Multifamily Complex

Beachwold Residential has secured $50.5 million to refinance Gran Bay Apartment Homes, a 308-unit, garden-style rental community in Jacksonville, Fla., Commercial Observer can first report. Mesa West Capital provided the debt, structured as a five-year, nonrecourse loan, while Walker and Dunlop’s Taylor Williams arranged the financing. Mesa West’s Russell Frahm noted that Jacksonville’s multifamily market […]