Torino Lakes Townhomes

PORT ST. LUCIE and ALTAMONTE SPRINGS, FL—Berkadia has secured refinancing totaling more than $46 million for properties in Port St. Lucie and Altamonte Springs, Florida The firm secured a $24.5 million refinancing of a construction take-out loan for Torino Lakes Townhomes, a Class A multifamily community in Port St. Lucie. The refinancing was on behalf of Rich Properties, a real estate investment, management and development firm based in Port St. Lucie. Berkadia also secured $21.864 million in refinancing for The Edge at Lake Lotus, a 168-unit community in Altamonte Springs.

Berkadia declined a request by to comment on any effects the coronavirus crisis may have on such deals.

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