Les Menkes, Michael Van Der Poel & Dan Jacobs Of ACRE Secure $38.5M Refinance Loan For BFR In Port St. Lucie
12500 Southwest Roma Way
$38,500,000
Building Size
—
Asset Type
MultiFamily
Closing
Nov 11, 2025
AI
The Havens at Central Park is an asset located at 12500 Southwest Roma Way in Port St. Lucie, featuring 158 build-for-rent units. The property was involved in a refinance loan transaction amounting to $38,500,000.
Summary of transaction details:
- Property Type: BFR
- Transaction Amount: $38,500,000
- Lender: ACRES Capital
- Landlord: Les Menkes, Michael Van Der Poel & Dan Jacobs - Asia Commercial Real Estate (ACRE)
- Brokers: Jonathan Schwartz, Aaron Appel, Keith Kurland, Adam Schwartz, Dustin Stolly, Sean Reimer, Michael Ianno & Christopher de Raet - Walker & Dunlop
- Date of Transaction: 11/12/2025
The deal involved several key individuals representing the landlord and lender. Les Menkes, Michael Van Der Poel, and Dan Jacobs represented Asia Commercial Real Estate (ACRE) as landlords. The transaction was facilitated by a group of brokers from Walker & Dunlop, including Jonathan Schwartz, Aaron Appel, Keith Kurland, Adam Schwartz, Dustin Stolly, Sean Reimer, Michael Ianno, and Christopher de Raet.
Players
Port Saint Lucie 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
0.41%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93