Beachwold Residential secured a $50.5 million first mortgage loan to refinance the 308-unit Gran Bay Apartments in Jacksonville, Florida. The five-year, non-recourse financing was led by Mesa West Capital’s New York City office, replacing existing debt on the 2015-built garden-style community. Gran Bay Apartments spans 15.5 acres with 14 buildings offering one-, two-, and three-bedroom units equipped with stainless steel appliances, walk-in closets, and private balconies. Located at 13444 Gran Bay Parkway in Duval County’s Southside submarket, the property benefits from proximity to Interstate 95 and major employment hubs like Flagler Center, anchored by Baptist Medical Center and Citigroup’s regional operations campus. Walker and Dunlop arranged the financing, supporting Beachwold Residential’s strategy to optimize capital structure for the stabilized asset.