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PJ Finley Of PCCP Provides $41.25M Loan To Refinance The Sovana At Stuart Multifamily Community

Property Image
FINANCED
$41,250,000

Florida

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MultiFamily
Financed 01/14/2026
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Property Image
FINANCED

PJ Finley Of PCCP Provides $41.25M Loan To Refinance The Sovana At Stuart Multifamily Community

1900 Northwest Federal Highway

See Similar Deals
MultiFamily
Financed 01/14/2026
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:MultiFamily
Transaction Type:Loan

The Sovana at Stuart is a 182-unit Class A Active Adult community located at 1900 Northwest Federal Highway in Stuart, Florida. Built in 2022 by The United Group of Companies, the property features modern finishes and extensive amenities tailored for the 55-plus demographic, making it the only community of its kind near downtown Stuart.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $41,250,000
  • Lender: PJ Finley - PCCP
  • Landlord: Michael Uccellini - The United Group of Companies
  • Units: 182
  • Market: Stuart

PCCP provided a senior loan to refinance the property, supporting its operational and financial needs. The involvement of PJ Finley as the lender signifies a strategic investment in the multifamily sector, particularly within the active adult market segment.

Players

PCCP
PCCP
LENDER
MU
Michael Uccellini
4 deals$186.4M volume
LANDLORD

Details

FINANCED
IMAGE: Michael Uccellini & PJ Finley DATE: 01/14/2026 ADDRESS: 1900 Northwest Federal Highway MARKET: Stuart ASSET TYPE: Multifamily ~ UNITS: 182 LENDER: PJ Finley - PCCP LANDLORD: Michael Uccellini - The United Group of Companies LOAN AMOUNT: $41,250,000 NOTE: PCCP provided a $41.25 million senior loan to refinance The Sovana at Stuart, a 182-unit Class A Active Adult community at 1900 NW Federal Highway in Stuart, Florida.Built in 2022 by United Group, the resort-style property features modern finishes, extensive amenities, and the SUN® lifestyle program, positioning it as the only 55-plus community near downtown Stuart.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$41,250,000.00

Monthly NOI$275,000.00
Monthly Debt Service$260,728.06
Change in Cash Flow$0.00
Refinance Proceeds$0.00