PORT ST. LUCIE, FL—K&J Residential Grouphas secured $32.5 million in HUD financing from New York City-basedGreystone to refinance its KittermanWoods luxury rental apartment property here.


Kitterman Woods is a 396-unit luxury rental community. Theproperty features two swimming pools, a fitness center, tennis,basketball, and volleyball courts, garage parking, and pet-friendlyamenities. Greystone provided a 35-year fully amortizing FHA loanto K&J Residential Group to refinance the property.Reuben Dolny, a senior mortgage banker at thefirm, originated the transaction. K&J Residential Group wasrepresented by Steven Deutsch, partner at law firmFrank, Weinberg & Black in the deal.


“We couldn't be more thrilled with the outcome of the financingGreystone provided, and their expertise was beyond invaluableduring the process of securing our first HUD loan,” saysJeff Nudelman, principal at K&J ResidentialGroup.


Betsy Vartanian, head of FHA lending atGreystone, adds, “It's a pleasure to help multifamily propertyowners such as K&J Residential Group to secure long-term HUDfinancing, which, at still-low interest rates today, will certainlyhelp benefit Kitterman Woods and its residents for years tocome.”

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John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.