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  • 250-Unit Arcadia Huntsville Lands $53M Refi to Replace Construction Loan

    Bobo Development Group and its limited partner Revitate obtained $53 million in senior refinancing for the two-year-old Arcadia Huntsville at 4810 Bradford Dr. NW in Alabama. JLL Senior Managing Director Gregg Shapiro told ApartmentBuildings.com. that a debt fund provided the loan, which will replace the original construction loan. “The property was capitalized with Opportunity Zone capital, so the ownership expects to hold the property for the required qualifying period,” added Shapiro, who arranged the loan with JLL colleagues Anthony Sansone...
250-Unit Arcadia Huntsville Lands $53M Refi to Replace Construction Loan

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