With the assistance of Newmark, West Shore successfully refinanced nine Class A, Garden-style multifamily properties located in various Sunbelt states. These properties consisted of three in South Carolina, two in Florida, and one each in Georgia, Tennessee, Kentucky and Texas. The portfolio includes a total of 2,806 units and was arranged by Purvesh Gosalia from Newmark on behalf of West Shore.
The purpose for this financing is to pay off existing bridge debt and provide returns to equity partners. Citigroup served as the lender using a Single Asset Single Borrower loan structure.
West Shore currently owns and manages a diverse portfolio consisting of 15
