United Group Of Companies Secures $54.5M Refinance Loan From LoanCore For Multifamily Asset In Sarasota

The property asset involved in this transaction is a multifamily asset located at 3540 Broadway Avenue in Sarasota. It comprises 183 units with a total square footage of 176,365. The loan amount associated with this property is $54,500,000, which is part of a refinance deal. The lender for this transaction is LoanCore.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $54,500,000
• Units: 183
• Square Footage: 176,365
• Address: 3540 Broadway Avenue
• Market: Sarasota
• Lender: LoanCore
• Landlord: United Group of Companies
• Broker: Peter Mekras - Aztec Group

This transaction involves key individuals and companies, including the United Group of Companies, which serves as the landlord, and Peter Mekras from Aztec Group, who represents the broker in this refinance. The lender facilitating the loan is LoanCore, a financial institution specializing in commercial real estate financing.