Sarasota 55-plus living project gets financing

– Trez Capital financing for Alloro at University Groves is the company’s second high-profile debt placement in the past month along the Gulf Coast

  • By Observer Staff
  • | 11:50 a.m. August 2, 2021
  • | 0 Free Articles Remaining!
COURTESY RENDERING — US Senior LLC, of Troy, New York, is developing Alloro at University Groves, a 55-plus community in Sarasota, with a Trez Capital loan.
COURTESY RENDERING — US Senior LLC, of Troy, New York, is developing Alloro at University Groves, a 55-plus community in Sarasota, with a Trez Capital loan.
  • Commercial Real Estate
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Trez Capital has provided a $48 million construction loan to finance the Alloro at University Groves, a new independent living community for residents aged 55 and over.

Construction on the 3415 Broadway Ave. project has begun and is expected to be completed on 6.7 acres within the next two years.

 

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