$37.5 Million In Acquisition Financing Secured For Tavalo TraditionFinancing Secured For ‘Tavalo Tradition’ Build-To-Rent Townhome Community In Port St. Lucie
Berkadia has recently marked a significant milestone by orchestrating acquisition financing for Tavalo Tradition. Situated in Port St. Lucie, Florida, this 216-town home build-to-rent community is part of the Tradition Master Planned Community. GTIS Partners oversees the buyer’s entity. The financing is a forward acquisition loan supplied by a national bank. It will be allocated incrementally, synchronized with K. Hovnanian’s construction progress, anticipated to span until mid-2024.