Transactions

The non-recourse $43,000,000 HUD-insured financing carries a 35-year term and 35-year amortization, along with a fixed interest rate in the very low 2%’s. The property is Energy Star certified and was able to patriciate in HUD’s reduced mortgage insurance premium Green MIP program. Kitterman Woods, located in Port St. Lucie, consists of 25, three-floor buildings with one-, two-, and three-bedroom units. Built in 2007 by KD Construction of Florida, an affiliate construction firm of K&J. Property amenities include an exercise room, community room, two swimming pools, tennis, basketball, and volleyball courts, dog park, playground, and a car care center.