An apartment project near downtown Sarasota closed on a $43 million construction loan that will allow building to begin. Bayside North will provide 96 apartments at 1250 10th St.
Texas real estate investment firm Affinius Capital partnered with New York investment firm Axonic Capital on the loan, according to a statement.
“This transaction represents an opportunity to finance the development of a high-quality, condo-grade asset in a market with a robust renter base,” Affinius Capital Co-Head of Debt Originations Eric Cohen says in the statement…