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BHI Provides $27M Construction Loan to Complete Villas of Torino
BHI has provided a $27.3 million senior secured construction loan to 13th Floor Homes LLC to finance enhancements to and completion of Villas of Torino. The multi-family townhome community is comprised of 21 buildings in Port St. Lucie, FL.
“BHI continues to focus on Florida as an active region in which we are further expanding our lending platform,” said Steven Caligor, executive vice president, head of real estate & healthcare, BHI. “We welcome the opportunity to support local developers in residential, hospitality, and industrial asset classes such as this project.”
The Villas of Torino has 126 two-story townhomes with attached garages, private patio areas. a recreation center and pool with cabana.
“We value our relationship with BHI and appreciate the CRE team’s ability to understand the intricacies of the development process and tailor financing for our specific needs,” said Daryl Shevin, chief financial officer, 13th Floor Investments.
- ◦Financing

