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

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.