Roers Companies Secures $65.5M Construction Loan And Preferred Equity For Port Charlotte Multifamily Property

The multifamily property located at 1200 Loveland Boulevard in Port Charlotte has recently undergone a closed transaction. The property consists of 292 units with a total square footage of 288,013.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $65,500,000
• Lender: Knighthead Funding & Amzak Capital Management
• Landlord: Roers Companies - Brian LeBlanc
• Landlord's Rep: Chris Drew, Brian Gaswirth, Shane Ciacci, Lee Weaver & Scott Loving - JLL
• Loan Type: Construction Loan and Preferred Equity
• Loan Terms: Senior Construction Loan and Preferred Equity Placement

The lenders involved in this transaction were Knighthead Funding and Amzak Capital Management. The landlord of the property is Roers Companies, represented by Brian LeBlanc. JLL, represented by Chris Drew, Brian Gaswirth, Shane Ciacci, Lee Weaver, and Scott Loving, acted as the landlord's representatives in the deal. The loan amount for this transaction was $65,500,000, which was provided as a construction loan and preferred equity.