Lee Rosenthal Of West Shore Secures $630M Refinancing For Multifamily Portfolio Across Five States

A multifamily portfolio comprising 4,077 units located across Melbourne, Gainesville, Ocala, Tallahassee & Daytona Beach, FL; Lexington, Columbia, SC; Knoxville, TN; College Station, TX; and Louisville, KY was involved in this transaction. The properties were purchased between 2016-2021 and are reported to be 93% occupied.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $630,000,000
• Lender: Citi Real Estate Funding
• Landlord: Lee Rosenthal - West Shore
• Loan Type: Refinance
• Mezzanine Loan Amount: $60,500,000

This transaction highlights the financing secured by West Shore, reflecting the rising multifamily lending trends, which follows a previous $600 million loan secured in October 2025. The involvement of Citi Real Estate Funding underscores the growth within the broader commercial real estate financing landscape in 2025.