### Prime Group Secures $65M Refinancing for Fort Myers Multifamily Property
The Prime Group has successfully secured $65 million in refinancing for **The Orchard at Portofino Vineyards**, a newly completed 264-unit multifamily development in Fort Myers. The financing was arranged by a Berkadia team led by Brad Williamson. The property, which received its final certificate of occupancy in January 2025, is already more than 28% leased.
The lender, MF1, provided a two-year, floating-rate loan, with proceeds being used to pay off a $49.5 million construction loan.
Located at **9920 Portofino Vineyards Drive**, **The Orchard at Portofino Vineyards** is part of a three-phase, 70-acre master-planned community developed by Prime Group. The community includes a mix of garden apartments, townhomes, and single-family rental residences.
– **Phase I**, **The Grove at Portofino Vineyards**, was completed in 2020 and consists of 312 garden-style apartments.
– **Phase II**, The Orchard, is now complete and leasing.
– **Phase III**, **The Woodlands at Portofino Vineyards**, will include 202 townhomes and single-family homes for rent, with delivery expected by mid-2025.
