Cambridge Realty Capital Refinances Senior Housing Property In Sarasota For $29.2M

The property asset involved in the transaction is a senior housing facility located at 3251 Proctor Road in Sarasota, featuring a total of 192 units. The loan amount secured for this asset is $29,200,000 with a refinance loan type and terms spanning 35 years.

Summary of transaction details:

• Property Type: Senior Housing
• Transaction Amount: $29,200,000
• Loan Type: Refinance
• Loan Terms: 35-year
• Lender: Cambridge Realty Capital
• Landlord: DePizzo Enterprises - John A. Depizzo

The deal involves key individuals and companies, where John A. Depizzo represents DePizzo Enterprises in this transaction as the landlord, facilitating the refinancing process for the senior housing asset in Sarasota.