Concord Summit Capital Secures $122 Million Financing For 55-Plus Rental Community, Encore at Tradition, in Port St. Lucie
Concord Summit Capital has closed $122 million in financing for a 55-plus rental community under construction in Port St. Lucie. The package includes a $95 million construction loan from Madison Realty Capital and $27 million in mezzanine debt from an undisclosed lender for the developers of the 415-unit Encore at Tradition, located at 8500 Southwest America Walks Boulevard. The financing was arranged by Concord Summit Capital advisors David Larson, Daniel Eidson, and Keegan Burger. The project is being developed by America Walks at Port St Lucie, LLC, a partnership between