Rending of multifamily condominium tower in Sarasota, FL

$208,000,000

Multifamily Development
Sarasota, FL

Originated a $208.00MM First Mortgage Loan to finance the construction of an 86-unit luxury condominium tower in Sarasota, FL that will feature unobstructed views of Sarasota Bay, The Bay Park, and Downtown Sarasota. The Sponsor is a repeat borrower with a proven track record that has demonstrated demand for the Project having presold over 60% of the units prior to loan closing.