Trevato Development Group announced a $78 million refinancing of The Station at San Marco mutlifamily project, developed by Trevato sister company Block One Ventures.
Jacksonville Beach-based Trevato announced in an April 29 news release it had completed the refinancing “with a nationally known insurance company” it did not identify.
The five-story building at 1230 Hendricks Ave. opened in 2024. It was permitted for 345 units.
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.
“The refinance for Station at San Marco provides term funding, satisfying the last remaining construction loan in Trevato’s portfolio,” the release said.