BHI Provides $27.3M Construction Loan For Villas Of Torino In Port St. Lucie

The Villas of Torino, a multi-family townhome community located at 5108 Northwest Torino Lakes Circle in Port St. Lucie, Florida, has secured a $27.3 million construction loan. This loan was granted by BHI, a commercial bank, to 13th Floor Homes LLC for the development of this modern townhome community. The Villas of Torino will consist of 126 townhomes and will offer residents amenities such as a recreation center and a pool.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $27,343,317
• Lender: BHI (Steven Caligor & Michael Wadler)
• Landlord: 13th Floor Homes LLC (Daryl Shevin)

BHI, represented by Steven Caligor and Michael Wadler, provided the $27.3 million construction loan for the Villas of Torino. The loan will support the development of this multi-family townhome community, which is being spearheaded by 13th Floor Homes LLC and its representative, Daryl Shevin. This project aims to meet the demand for modern housing in Port St. Lucie, offering residents a comfortable and convenient lifestyle with various amenities.