Prime Group Secures $65 Million Bridge Loan From MF1 Capital For Fort Myers Multifamily Property

The property asset involved in this transaction is a multifamily building located at 9920 Portofino Vineyards Drive in Fort Myers. It comprises 264 units with a total square footage of 264. The loan amount secured for this asset is $65,000,000, categorized as a bridge loan with a two-year term.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $65,000,000
• Address: 9920 Portofino Vineyards Drive
• Market: Fort Myers
• Units: 264
• Square Footage: 264
• Lender: MF1 Capital
• Landlord: Prime Group
• Loan Type: Bridge
• Loan Terms: two-year term

Key individuals involved in this transaction include brokers Brad Williamson, Kyle Ryan, Mitch Sinberg, Scott Wadler, and Matthew Robbins, all representing Berkadia. This team played a significant role in facilitating the loan arrangement for Prime Group.