Thorofare Capital Funds $74M Bridge Loan for Refinancing of Jacksonville Multifamily Community

Thorofare Capital has provided a $74 million bridge loan for the refinancing of The Residences at Enso, a 304-unit multifamily community located 20 miles east of downtown Jacksonville along the Saint Johns River. Jeff Kinney and Phil Rachels of CBRE’s Jacksonville office arranged the loan on behalf of the borrower, Trevato Development Group, which will use the 2.5-year floating-rate loan to repay the original construction loan on the property.

Thorofare Capital
Felix M. Gutnikov | Principal, Head of Originiations

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