Blue Roc Premier Properties Secures $69.3M Loan For Fort Myers Multifamily

The multifamily property located at 2719 Colonial Boulevard, 4757 Barkley Circle, and 3891 Solomon Boulevard in Fort Myers has undergone a closed transaction. The property, owned by Blue Roc Premier Properties, secured a loan of $69,300,000 from New York Community Bank. The loan terms include one five-year fixed or floating rate extension option with a single year of interest-only payments. This multifamily asset consists of 800 units.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $69,300,000
• Lender: New York Community Bank
• Landlord: Blue Roc Premier Properties
• Address: 2719 Colonial Boulevard, 4757 Barkley Circle, 3891 Solomon Boulevard
• Market: Fort Myers
• Loan Terms: One five-year fixed or floating rate extension option with a single year of interest-only payments
• Units: 800

Seth Grossman & Sarah Kuebler represented the lender, New York Community Bank, in this transaction on behalf of Blue Roc Premier Properties.