Joseph Raia Of Raia Capital Management Secures $47.8M Loan For 270-Unit Multifamily Property In Stuart

Mason Stuart is a 270-unit multifamily property located at 4585 Southeast Federal Highway in Stuart, Florida. The property was developed by Waypoint Residential in 2024 and is currently 91.5% leased. Amenities include a pool, fitness center, and clubhouse. RAIA Capital Management secured a $47.8 million fixed-rate, interest-only loan from Fannie Mae to facilitate the acquisition of this asset.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $47,800,000
• Lender: Fannie Mae
• Landlord: Joseph Raia - Raia Capital Management
• Broker: Craig West - Walker & Dunlop
• Units: 270
• Market: Stuart
• Lease Status: 91.5% leased
• Year Developed: 2024
• Address: 4585 Southeast Federal Highway

Joseph Raia of Raia Capital Management is the landlord for this transaction and is instrumental in the acquisition of Mason Stuart. Craig West from Walker & Dunlop successfully arranged the financing with Fannie Mae, ensuring the acquisition aligns with the landlord's investment portfolio. The transaction reflects ongoing interest in multifamily properties in the Stuart market.