Trevato Development Group announced a $78 million refinancing of The Station at San Marco mutlifamily project, developed by Trevato sister company Block One Ventures.\u00a0<\/p>\n
Jacksonville Beach-based Trevato announced in an April 29 news release it had completed the refinancing \u201cwith a nationally known insurance company\u201d it did not identify.\u00a0<\/p>\n
The five-story building at 1230 Hendricks Ave. opened in 2024. It was permitted for 345 units.<\/p>\n
Trevato said the refinance provided it with a low-cost takeout of its construction loan at 90% of cost and followed a $73 million refinance of the Residences of Enso off San Pablo Parkway south of Beach Boulevard. That project was completed in 2025.<\/p>\n
\u201cThe refinance for Station at San Marco provides term funding, satisfying the last remaining construction loan in Trevato\u2019s portfolio,\u201d the release said.<\/p>\n
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