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

The senior housing property located at 3251 Proctor Road in Sarasota has recently undergone a refinancing transaction. This property features 192 units and is owned by DePizzo Enterprises, led by John A. Depizzo. The deal was financed by Cambridge Realty Capital, with a loan amount of $29,200,000 at a loan term of 35 years.

Summary of transaction details

• Property Type: Senior Housing
• Transaction Amount: $29,200,000
• Address: 3251 Proctor Road, Sarasota
• Landlord: DePizzo Enterprises - John A. Depizzo
• Lender: Cambridge Realty Capital
• Loan Type: Refinance
• Loan Terms: 35-year

This refinancing deal was facilitated by Cambridge Realty Capital as the lender. The loan amount of $29,200,000 will provide DePizzo Enterprises with the necessary funds to continue operating and improving the senior housing property. John A. Depizzo, the owner of DePizzo Enterprises, played a significant role in securing this refinancing deal, ensuring the long-term viability of the senior housing asset located at 3251 Proctor Road in Sarasota.