Newmark Arranges $51 Million Financing Of Trophy Asset In Port St. Lucie

Newmark originated the $51 million acquisition financing of Mason Port St. Lucie, a 252-unit garden-style apartment community in Port St. Lucie.

Newmark Vice Chairman Matthew Williams, Senior Managing Director Daniel Matz, Managing Director James Maynard, Director Kyle Schlitt and Assistant Vice President Robert Wright secured the bridge loan from Ladder Capital on behalf of buyer Safe Harbor Investments, LLC.

“By leveraging our team’s deep market expertise and relationships with lenders, we were able to secure competitive financing that aligns with the client’s investment objectives,” said Williams. “Our informed approach provided us with an edge, which we relied on to navigate a dynamic market, delivering strategic value and results for our client.”

Mason Port St. Lucie is a newly constructed, three-story multifamily property.

The property is situated across from HCA Florida St. Lucie Hospital and within three miles of over 3.1 million square feet of retail, including Publix, Crunch Fitness and numerous dining and entertainment options. Mason Port St. Lucie is located in a highly amenitized and rapidly growing market, offering residents convenient access to healthcare, employment centers and one of Florida’s most dynamic economies.