Alva Stone Group & Prime Sunshine Secure $52.5M Construction Loan From North River Partners

The property asset involved in this transaction is a multifamily development located at 2190 South Jenkins Road in Fort Pierce, comprising 312 units. The total loan amount secured for construction purposes is $52,500,000, provided by North River Partners.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $52,500,000
• Address: 2190 South Jenkins Road
• Market: Fort Pierce
• Lender: North River Partners
• Borrower: Alva Stone Group & Prime Sunshine
• Brokers: Max La Cava, Pier Barinci, Abbie Kushner & Michael Romero - JLL
• Loan Type: Construction
• Units: 312

Key individuals involved in the deal include representatives from the borrowing entities, Alva Stone Group and Prime Sunshine, as well as brokers Max La Cava, Pier Barinci, Abbie Kushner, and Michael Romero, who are affiliated with JLL. Their expertise facilitated the substantial construction loan for the multifamily property development.