WTI Capital Secures $54.8M Loan For Multifamily Property At 15270 Ballast Point Drive | 15270 Ballast Point Drive | Alexis Ashley-Pierre, Kyle Schlitt, James Maynard, Matthew (Matt) Williams, Robert (Rob) Wright | MultiFamily | Loan

Summary

Loan

FLORIDA

MultiFamily

A multifamily property located at 15270 Ballast Point Drive in Fort Myers has been involved in a recent loan transaction. The property consists of 325 units, making it a significant asset in the market.

Summary of transaction details

Property Type: Multifamily
Transaction Amount: $54,800,000
Date: 09/22/2022
Address: 15270 Ballast Point Drive
Market: Fort Myers
Units: 325

WTI Capital serves as the landlord of the property. The loan for this transaction was facilitated by Newmark brokers Matthew Williams, James Maynard, Kyle Schlitt, Robert Wright, and Alexis Ashley-Pierre. The loan amount secured for the property was $54,800,000 with a 10-year fixed-rate term. The loan terms also include interest-only payments.

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Players

All
6

Agents
5
Agencies
1

Alexis Ashley-Pierre

Senior Analyst

Kyle Schlitt

Associate Director - Financial Analyst

$221.5M Sold

James Maynard

Assistant Vice President

$233.2M Sold

Matthew (Matt) Williams

Executive Managing Director

$356.7M Sold

Robert (Rob) Wright

Assistant Vice President, Debt & Structured Finance

$1.4M Sold

Details

Deal Summary

FINANCED

IMAGE: Matthew Williams, James Maynard & Kyle Schlitt DATE: 09/22/2022 ADDRESS: 15270 Ballast Point Drive MARKET: Fort Myers ASSET TYPE: Multifamily ~ UNITS: 325 LANDLORD: WTI Capital BROKERS: Matthew Williams, James Maynard, Kyle Schlitt (@SchlittKyle), Robert Wright & Alexis Ashley-Pierre - Newmark (@Newmark) LOAN AMOUNT: $54,800,000 LOAN TERMS: 10-year, fixed-rate loan with interest-only payments

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Address15270 Ballast Point Drive

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