Jax Apartment Investor Inks $78M Refi

Trevato Development Group, a sister company of Block One Ventures, closed on a $78 million refinance of The Station at San Marco, a 345-unit multi-family project in Jacksonville, Florida, with a nationally known insurance company.

The refinance provides Trevato with a low-cost takeout of its construction loan at 90% of cost, and follows a $73 million refinance of another multifamily project: the Residences of Enso, completed in 2025.
The refinance for Station at San Marco provides term funding, satisfying the last remaining construction loan in Trevato’s portfolio.

The property, completed in 2024, is located at 1230 Hendricks Avenue in the San Marco neighborhood of Jacksonville. It is  close to Downtown, situated among a convergence of hospitals and medical providers, a short distance from the heart of San Marco Square and less than one mile from the Southbank Riverwalk.