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

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:

• Property Type: Development Site
• Transaction Amount: $51,000,000
• Lender: Brian Harris - Ladder Capital
• Landlord: Davis Howell - Safe Harbor Investments, LLC
• Broker Representatives: Daniel Matz, James Maynard, Kyle Schlitt & Matthew Williams - Newmark

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.