Revere Capital Refinances Assisted Living Development Site in Florida for $3.6M

SARASOTA, Fla. — Revere Capital has financed a $3.6 million loan secured by a 29.1-acre land parcel located in Sarasota.

The property is zoned for both residential and commercial development. The borrower plans to sell the residential portion and develop assisted living facilities on the remaining acreage. 

Proceeds were used to refinance the property’s existing loan. Further details were not disclosed.