A joint venture between BLD Group and JSB Capital Group has announced the refinancing of a portfolio of three Class A multifamily properties in Florida. Two of these properties – the 308-unit V2 Apartments in Fort Myers, and the 220-unit Sunnyside Apartments in Panama City Beach – are currently undergoing lease-up. The third property, Sundance Trails Apartments located in Wildwood with 336 units, is nearing completion.
Eastdil Secured provided advisory services for this joint venture on their financing needs while Rialto Capital Management originated a $156.5 million five year floating rate loan that closed on July 14th 2023 to meet them.
These multifamily communities boast contemporary layouts with luxurious finishes such as stainless steel appliances and granite countertops along with amenities like state-of-the art clubhouses, business centers, fitness centers as well as resort style pools featuring grilling areas and sun decks plus common area Wi Fi access points along with electric car outlets for added convenience .
An announcement was made regarding the refinancing of three Class A multifamily properties located across Florida totaling $156.5M which was advised by Eastdil Secured and originated by Rialto Capital Management’s vehicle subadvisor closing on July 14th 2023 . These modern apartment complexes feature luxury finishes including stainless steel appliances , granite countertops , state -of -the art clubhouses , business centers & fitness rooms alongside resort style pools complete with grilling & sun decks plus Wi Fi & electric car outlets providing residents an unparalleled living experience
