Southern Realty Trust has recently provided a mezzanine loan worth $56.4 million for the development of Aster & Links, a mixed-use community in downtown Sarasota, Florida. The project is expected to be completed by the second half of 2024 and will feature two luxury residential buildings with ground-floor retail space spanning over 650,000 square feet.
The borrower for this project is Belpointe OZ who was advised by Lantern Real Estate. In addition to the mezzanine loan from Southern Realty Trust, Belpointe OZ also obtained a construction loan worth $130 million from Bank OZK last year. This publicly traded qualified opportunity fund plans to deliver Aster & Links later this year and is listed on NYSE American under the symbol “OZ.”
