BHI has provided a $27.3 million senior secured construction loan to 13th Floor Homes LLC to finance enhancements and completion of Villas of Torino, a multi-family townhome community comprised of 21 buildings in Port St. Lucie, FL.
Steven Caligor, executive vice president and head of real estate & healthcare at BHI said: “We continue to focus on Florida as an active region for our lending platform expansion.” He added that the company welcomes the opportunity “to support local developers with residential, hospitality and industrial asset classes such as this project.”
The Villas of Torino offers 126 two-story townhomes with attached garages plus private patio areas along with a recreation center and pool complete with cabana. Daryl Shevin, chief financial officer at 13th Floor Investments commented: “We value our relationship with BHI who tailored financing for our specific needs.”
