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Florida & Gulf Coast  + South Florida  + Finance  | 
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

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.

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About Angela Noote

Angela Noote is a native of Northern California and graduated from Chico State with a degree in public relations. After college she moved to the Central Coast and worked first in ad sales then in editorial, eventually spending more than a decade as a print reporter and editor. She detoured into design work at a printer/publisher, and with a partner eventually opened a boutique full-service marketing agency. Moving into corporate communications, she built and managed several successful marketing teams in the hospitality, financial services, and nonprofit industries. Most recently she was an internal comms manager in the tech sector. After a long stint spent in Georgia (Go Dawgs), she moved to Baton Rouge, LA and has written for clients in the financial, luxury imports, higher ed, commercial cleaning, and medical equipment industries. Her son is a media arts major at the University of South Carolina, and her husband owns a comedy theater in Baton Rouge, where you can often find Angi teaching improv classes, leading corporate training events, or doing an occasional stand up set.

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