The Prime Group was able to obtain financing on The Orchard at Portofino Vineyards, a just-finished 264-unit multifamily property in Fort Myers. The $65 million refinancing was secured by a Berkadia team headed up by Brad Williamson. The Orchard at Portofino Vineyards received its final certificate of occupancy in January 2025 and is now over 28% leased.  

The lender, MF1, provided the two-year, floating-rate loan. The proceeds of which will pay off a $49.5 million construction loan. 

Located at 9920 Portofino Vineyards Drive, The Orchard at Portofino Vineyards is Phase II of a three-phase, 70-acre master-planned community developed by Prime Group. It features garden apartments, townhomes and single-family residences for rent. Phase I, The Grove at Portofino Vineyards, was completed in 2020 and consists of 312 garden-style apartments. Phase III, The Woodlands at Portofino Vineyards, will feature 202 townhomes and single-family homes for rent, with an expected delivery date of mid-2025.