Torino Lakes Townhomes
PORT ST. LUCIE and ALTAMONTE SPRINGS, FL—Berkadia has securedrefinancing totaling more than $46 million for properties in PortSt. Lucie and Altamonte Springs, Florida The firm secured a $24.5million refinancing of a construction take-out loan for TorinoLakes Townhomes, a Class A multifamily community in Port St. Lucie.The refinancing was on behalf of Rich Properties, a real estateinvestment, management and development firm based in Port St.Lucie. Berkadia also secured $21.864 million in refinancing for TheEdge at Lake Lotus, a 168-unit community in Altamonte Springs.
Berkadia declined a request by GlobeSt.com to comment on anyeffects the coronavirus crisis may have on such deals.
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