Jun
15
Jacksonville Office Asset Lands $19M Refi
ByHFF secured the loan on behalf of the owner, Taurus Investment Holdings LLC. The property is part of Deerwood Park, the largest full-service campus in Jacksonville, Fla.
HFF arranged a $19 million refinancing of One Deerwood, a Class A, 161,167-square-foot office building in Jacksonville, Fla. The mortgage replaced a previous CMBS loan on the property, which was scheduled to mature in May 2017, according to Yardi Matrix.
FLOATING-RATE LOAN
The debt placement team worked on behalf of the borrower, Taurus Investment Holdings LLC, to secure the three-year, floating-rate loan. Senior Managing Director Michael Weinberg and Director Porter Terry led HFF’s team that arranged the financing through Ares Management. Taurus Investment purchased the asset in 2007, when HFF was also involved in the transaction…
