GTIS Partners Secures $37.5M Acquisition Loan For Build For Rent MultiFamily In Port St. Lucie

The build for rent multifamily property located at 10807 SW Tradition Square in the Tradition Master Planned Community of Port St. Lucie has been involved in a recent loan transaction.

Summary of transaction details

• Property Type: Build for Rent MultiFamily
• Transaction Amount: $37,500,000
• Units: 216
• Lender: CIT Bank
• Landlord: GTIS Partners

The loan was provided by CIT Bank for the acquisition of the property in Port St. Lucie. The deal was facilitated by the brokerage firm Berkadia, with Scott Wadler, Matthew (Matt) Nihan, Brad Williamson, Mitch Sinberg, and Matthew (Matt) Robbins representing the parties involved in the transaction.