Updated Dec 11, 2025
Rialto Capital Management Provides $55 Million Bridge Loan For 251-Unit Multifamily Asset In Fort Myers
3240 Champion Ring Road
$55,000,000
Units
251
Asset Type
MultiFamily
Closing
Nov 5, 2025
About this deal
AI
The asset involved in this transaction is a multifamily property located at 3240 Champion Ring Road in Fort Myers, featuring a total of 251 units. The transaction secured a bridge loan amounting to $55,000,000 from Rialto Capital Management.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $55,000,000
- Lender: Rialto Capital Management
- Date: 11/06/2025
- Brokers: Kenneth (Ken) Wellar, Christopher Garzone & Taylor Walsh - Global Real Estate Advisors (GREA)
- Market: Fort Myers
- Units: 251
The deal was facilitated by brokers Kenneth (Ken) Wellar, Christopher Garzone, and Taylor Walsh, representing Global Real Estate Advisors (GREA), showcasing the collaborative efforts of experienced professionals in the real estate industry.
On the Map
$55,000,000
MultiFamily
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Players
Fort Myers MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.29%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93