Blue Iron Development Secures $67.5 Million Refinance Loan From Dwight Mortgage Trust In Sarasota Springs

The asset involved in this transaction is a multifamily property located at 1 Forest Ridge Blvd, Sarasota Springs, NY, comprising 260 units with a loan amount of $67,500,000 utilized for refinance purposes.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $67,500,000
• Lender: David Scheer & Alex Izso - Dwight Mortgage Trust
• Landlord: Blue Iron Development
• Loan Type: Refinance
• Date: 12/31/2025

The key individuals involved in this transaction include David Scheer, who serves as a lender representative, and Rachel Jones, who is also linked to this deal. For any loan inquiries, contact David Scheer at [email protected].