WTI Capital Secures $54.8M Loan For Multifamily Property At 15270 Ballast Point Drive

A multifamily property located at 15270 Ballast Point Drive in Fort Myers has been involved in a recent loan transaction. The property consists of 325 units, making it a significant asset in the market.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $54,800,000
• Date: 09/22/2022
• Address: 15270 Ballast Point Drive
• Market: Fort Myers
• Units: 325

WTI Capital serves as the landlord of the property. The loan for this transaction was facilitated by Newmark brokers Matthew Williams, James Maynard, Kyle Schlitt, Robert Wright, and Alexis Ashley-Pierre. The loan amount secured for the property was $54,800,000 with a 10-year fixed-rate term. The loan terms also include interest-only payments.