BHI has provided a $27.3 million senior secured construction loan to 13th Floor Homes LLC for the completion of Villas of Torino, a multi-family townhome community in Port St. Lucie, FL comprised of 21 buildings and 126 two-story townhomes with attached garages, private patio areas and recreation center with pool and cabana.
Steven Caligor, executive vice president at BHI commented: “We are pleased to be expanding our lending platform into Florida by supporting local developers on residential projects such as this one.” He added that “we welcome the opportunity to support local developers in hospitality and industrial asset classes too.”
Daryl Shevin from 13th Floor Investments expressed appreciation for BHI’s ability to understand their development process needs: “We value our relationship with BHI and appreciate their tailored financing approach” he said.
