Capital Funding Group Provides $179.8 Million Loan To R. Alan Butler For Emerson Lakes Development

The property involved in this transaction is a development site located at 6045 White Eagle Boulevard in Lakewood Ranch. The asset is designated for a continuing care retirement community known as Emerson Lakes, which is under development. The first phase of this project will consist of 319 independent living units spread across four buildings, contributing to a larger 87-acre campus planned for a total of 1,145 units upon completion.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $179,800,000
• Lender: Capital Funding Group
• Landlord: R. Alan Butler - Erickson Senior Living
• Loan Type: Construction

This transaction involves key individuals and companies, with R. Alan Butler representing Erickson Senior Living in the deal. Capital Funding Group is providing the financing for the construction loan, aimed at facilitating the first phase of the Emerson Lakes development in Sarasota County.