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Safe Harbor Investments Secures $51M Acquisition Loan For Mason Port St. Lucie From Ladder Capital

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FINANCED
$51,000,000
Kyle Schlitt
James Maynard
Danny Matz
+ 1

Florida

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Development Site
Financed 02/06/2025
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Property Image
FINANCED

Safe Harbor Investments Secures $51M Acquisition Loan For Mason Port St. Lucie From Ladder Capital

9905 Us Route 1

See Similar Deals
Development Site
Financed 02/06/2025
Kyle Schlitt
James Maynard
Danny Matz
+ 1
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Development Site
Transaction Type:Loan

The property involved in this transaction is a development site located at 9905 Us Route 1 in Port St. Lucie, Florida. The asset is part of a newly constructed 252-unit apartment community and features modern amenities. The acquisition loan amount secured for this property is $51,000,000.

Summary of transaction details:

Newmark facilitated this acquisition loan for Safe Harbor Investments to purchase Mason Port St. Lucie, which is strategically located near major retail, healthcare, and employment hubs. The brokers involved played a critical role in securing the financing for this deal, ensuring a smooth transaction process for their clients.

Players

Matthew (Matt) Williams
Newmark
Matthew Williams
12 deals$956.3M volume
BROKER
Danny Matz
Newmark
Danny Matz
28 deals$3.3B volume
BROKER
Kyle Schlitt
Newmark
Kyle Schlitt
11 deals$728.7M volume
BROKER
James Maynard
Newmark
James Maynard
10 deals$999.4M volume
BROKER
Ladder Capital
Ladder Capital
LENDER

Details

FINANCED
IMAGE: Daniel Matz, Kyle Schlitt, James Maynard, Davis Howell, Matthew Williams & Brian Harris DATE: 02/06/2025 ADDRESS: 9905 Us Route 1 MARKET: Port St. Lucie ASSET TYPE: Development Site LENDER: Brian Harris - Ladder Capital LANDLORD: Davis Howell - Safe Harbor Investments, LLC BROKERS: Daniel Matz (@MatzyPants), James Maynard, Kyle Schlitt (@SchlittKyle) & Matthew Williams - Newmark (@Newmark) LOAN AMOUNT: $51,000,000 LOAN TYPE: Acquisition NOTE: Newmark secured a $51 million acquisition loan for Safe Harbor Investments to purchase Mason Port St. Lucie, a 252-unit apartment community in Port St. Lucie, Florida, from Ladder Capital. The newly constructed property features modern amenities and is strategically located near major retail, healthcare, and employment hubs.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$51,000,000.00

Monthly NOI$340,000.00
Monthly Debt Service$322,354.69
Change in Cash Flow$0.00
Refinance Proceeds$0.00