K&J Residential Group Secures $43M Loan For Multifamily Property In Port St. Lucie

The multifamily property located at 6600 Woods Island Circle in Port St. Lucie has recently undergone a significant transaction. The deal involved a loan from Greystone, represented by Reuben Dolny, and the landlord, K&J Residential Group, represented by Karl Davis.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $43,000,000
• Loan Terms: 35-year, fixed-rate and non-recourse loan
• Units: 396

Reuben Dolny from Greystone provided a loan amount of $43,000,000 to facilitate the transaction. The loan comes with favorable terms, including a 35-year duration and a fixed interest rate. Additionally, it is a non-recourse loan, mitigating the lender's risk.

Karl Davis, representing K&J Residential Group, acted as the landlord in the deal. The transaction involved the sale of the multifamily property, consisting of 396 units, in Port St. Lucie.