Belpointe Obtains Refi on 424-Unit Sarasota Rental Community
Affinius Capital (“Affinius Capital”) closed on a $204 million loan to refinance Aster & Links, a newly built, Class A, multifamily community in Sarasota, FL. The property features 424 units and 50,300 square feet of grocery-anchored retail space. The loan was made to an affiliate of Belpointe PREP, LLC (“Belpointe OZ”), a publicly traded qualified opportunity fund.
Aster & Links features 243 residences in the Aster building and 181 residences in the Links building. Each residence includes large terraces. The community offers amenities including rooftop lounges, resort-style pools, co-working spaces, courtyards, fitness centers, catering kitchens, clubrooms, and 24-hour concierge services. Sprouts Farmers Market anchors the ground-floor retail space, accompanied by additional retail, spa, and restaurant tenants.
The financing was arranged by Tal Bar-Or of Lantern Real Estate Advisors + Partners.
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Brokers
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Remax Real Estate Professionals
Re/Max Real Estate Professionals
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Greg Corbin
Northgate Real Estate Group
Lenders
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout