CAPITAL ADVISORS SECURES $16.2M FOR FLORIDA APARTMENTS

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JACKSONVILLE, FLA. — Philip Rachels of Capital Advisors has arranged $16.2 million in refinancing for Oasis at Mandarin Apartments, a 256-unit multifamily community at 3355 Claire Lane in Jacksonville. The 10-year loan was arranged on behalf of the borrower, Claire Pointe JAX Developers LLC, through Freddie Mac. The property includes one-, two- and three-bedroom units in 16 three-story buildings that were constructed in 1986 and partially renovated in 2006. Amenities include a clubhouse, fitness center, two swimming pools, tennis court and playground.

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