PORT ST. LUCIE, FLA. — Berkadia has provided a $24.5 million Fannie Mae refinancing loan of a construction take-out loan for Torino Lakes Townhomes in Port St. Lucie. Mitch Sinberg and Matt Robbins of Berkadia originated the 10-year, fixed-rate loan with an interest-only payment period on behalf of the borrower, Rich Properties, a local developer that delivered the community in 2019. The property offers two- and three-bedroom floor plans, which include hardwood floors, walk-in closets, granite countertops, stainless steel appliances and a kitchen island. Communal amenities include a fitness center, swimming pool, spa, playground, clubhouse, walking/biking trails and a media center with a movie theater. Torino Lakes Townhomes is located at 5511 NW Sandhill Trail, eight miles north of downtown Port St. Lucie.
Communal amenities at Torino Lakes Townhomes include a fitness center, swimming pool, spa, playground, clubhouse, walking/biking trails and a media center with a movie theater.
Berkadia Provides $24.5M Refinancing Loan for Apartment Community in Port St. Lucie, Florida
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