Berkadia secured acquisition financing for Tavalo Tradition, a 216-townhome build-to-rent community in Port St. Lucie, Florida. The loan amount for this transaction is $37,500,000, and it is classified as an Acquisition Loan. The property is located at 10241 Southwest Newberry Avenue in the vibrant market of Port St. Lucie.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $37,500,000
• Units: 216
• Market: Port St. Lucie
• Landlord: GTIS Partners - Tom Shapiro
• Brokers: Scott Wadler & Matt Nihan - Berkadia

This financing deal marks Berkadia's first entry into the U.S. build-to-rent sector. The loan will support the phased closing schedule for the 216 townhome units within the Tradition Master Planned Community. Tavalo Tradition offers a unique rental option in Port St. Lucie, combining the benefits of a single-family home with the convenience and amenities typically associated with multifamily developments.