Commercial real estate company Berkadia recently helped secure nearly $35 million in loans for two projects in Sarasota County. One will help with infrastructure for a new master-planned community in south Sarasota County, while another will facilitate pre-development for a condominium and mixed-use project in downtown Sarasota.
A $14 million loan will finance the horizontal infrastructure development for Honore Vista, a 32-acre site in Nokomis entitled for a master-planned, mixed-use community, according to a statement from Berkadia, which secured the transaction on behalf of privately held real estate investment firm SteeleHarbour Capital Partners.
“Honore Vista checks all the boxes investors and lenders are looking for in today’s environment: scale, entitlements in hand and a location that benefits from sustained population growth and limited new supply,” Berkadia Senior Managing Director Charles Foschini says in a statement…