Grand Peaks Secures $148 Million Refinance Loan From James Gorman And Michael Squires For Multifamily Properties

The transaction involves multifamily assets located at 3250 Southeast Commerce Avenue and 11750 Village Parkway in the Stuart and Port St. Lucie market. The combined unit counts for the properties are 324 and 372, with aggregate square footage totaling 255,636 and 300,204 respectively. The loan amount associated with this refinance is $148,000,000.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $148,000,000
• Units: 324 & 372
• Square Footage: 255,636 & 300,204
• Lender: James Gorman, Michael Squires & Scott Weynbern – MF1
• Landlord: Grand Peaks
• Brokers: Jesse Wright, Kenny Cutler, Joshua Odessky, J.J. Hovenden, Michael Heller, Elizabeth Jimenez & Henry Winchester - JLL

This distinct transaction highlights key individuals and companies including James Gorman, Michael Squires, and Scott Weynbern representing the lender, MF1. The representation on the deal also includes various brokers from JLL, who played a critical role in facilitating the transaction.