NEW YORK - TelAve -- Mesa West Capital has provided Beachwold Residential with a $50.5 million first mortgage loan to refinance a 308 unit garden style apartment community in Jacksonville, FL. The financing was led out of Mesa West Capital's New York office by Russell Frahm, Head of the Eastern Region, alongside Brad McCarthy.

The five-year, non-recourse loan is secured by Gran Bay Apartments, a 308-unit, 2015 vintage, garden style community comprised of 14 buildings situated on 15.5 acres. The property offers a mix of one, two, and three-bedroom units featuring stainless steel appliances, walk in closets, private balconies, and in unit washers and dryers. Amenities include a resort style swimming pool, fitness center, business center, grilling areas, fire pits, dog park, and children's play area.

"Jacksonville continues to differentiate itself as a long‑term multifamily market supported by durable population growth, diversified employment drivers, and healthy renter demand," said Frahm. "Despite a period of elevated new supply, the market absorbed more than 5,000 units in 2025, and construction activity has begun to meaningfully moderate across key submarkets. As deliveries slow and leasing momentum remains intact—particularly in the Southside corridor—we believe well‑located, stabilized assets like Gran Bay are positioned to benefit from improving fundamentals and a more balanced supply‑demand environment over the coming years."

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Gran Bay Apartments is located at 13444 Gran Bay Parkway in Duval County's Southside submarket, providing immediate access to Interstate 95 and proximity to Flagler Center, a major employment corridor anchored by Baptist Medical Center and Citigroup's regional operations campus. The surrounding area benefits from strong demographic tailwinds, convenient retail access, and continued population growth, supporting durable rental demand.

The financing was arranged by Taylor Williams of Walker and Dunlop.

About Mesa West Capital, LLC
Mesa West Capital (http://www.mesawestcapital.com) is a leading commercial real estate debt fund manager and portfolio lender. With offices in Los Angeles, New York, Chicago, San Francisco, and Houston, Mesa West has been one of the leading providers of commercial real estate debt since its founding in 2004. Mesa West provides non-recourse first mortgage loans for core/core-plus, value-add and transitional properties throughout the United States. Mesa West's lending portfolio includes all major property types with loan sizes ranging from $20 million up to $400 million. Since inception, the firm has sourced and closed more than 450 transactions totaling over $28 billion.

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