Belpointe PREP Secures $204.14 Million Refinance Loan From Affinius Capital For Mixed-Use Development

The property asset involved in this transaction is a mixed-use development located at 1991 Main Street in Sarasota, featuring 424 units. The asset is part of the Aster & Links development and is anchored by Sprouts Farmers Market. The market value of the property has been supported by a significant refinancing loan of $204.14 million.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $204,140,000
• Lender: Affinius Capital
• Landlord: Brandon Lacoff - Belpointe PREP (Belpointe OZ)
• Broker: Tal Bar-Or - Lantern Real Estate
• Loan Type: Refinance
• Units: 424

This transaction was managed by key figures including Brandon Lacoff of Belpointe PREP, who is involved as the landlord for the property, and Tal Bar-Or from Lantern Real Estate, representing the brokerage side of the deal. The refinancing facilitates the lease-up of the development while also addressing existing debt, positioning the property for future operational savings.