Patterson Arranges Construction Financing for Multifamily Development in Jacksonville, FL
Ventures Development Group and Batson-Cook Development Company, with the assistance of its capital advisor Patterson Real Estate Advisory Group, closed construction financing for Southbank Urban Residences, a 185-unit waterfront multifamily development located along the St. John’s River in the heart of the thriving San Marco neighborhood of Jacksonville, Florida. Patterson arranged the construction loan with Cadence Bank, in addition to the placement of a preferred equity investment provided by a Central Ohio-based Insurance Company.
