Trez Forman Provides $44.8M Construction Loan for 309-Unit Active Adult Community in Florida

VENICE, Fla. — Florida-based Trez Forman Capital Group has provided a $44.8 million loan for the construction of The Floridian Club of Sarasota, a 309-unit active adult community in Venice.

Trez Forman’s Ben Jacobson originated the loan. The borrower is Sarasota Floridian.

Plans call for 261 single-story attached villas and 48 three-story units served by elevators. Floor plans range from 991 square feet to 1,339 square feet. Long-term leases up to 10 years are available.

Although there are no age restrictions, the community is targeting Baby Boomer residents.

Trez Forman is a joint venture formed in 2016 by Palm Beach-based Forman Capital and Vancouver-based Trez Capital Group. It provides commercial bridge loans for development and construction and senior stretch financing starting at $5 million.

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