Publicly traded qualified opportunity fund Belpointe PREP (Belpointe OZ) has secured a $130m construction loan from Bank OZK for its development project in Sarasota, Florida, US.

This Aster & Links development project will include two ten-storey high-rise buildings and 424 apartment units ranging from one-bedroom, two-bedroom, and three-bedroom floor plans to four-bedroom townhome-style penthouses.

Aster & Links will feature more than 900 parking areas, with garage and surface parking options.

Furthermore, this property will have a range of amenities, including a clubroom, a centre courtyard with a heated saltwater pool, a fitness room, and a selection of rooftop facilities.

The rooftop spaces will comprise community rooms, an exclusive dining space for events, outdoor grills, and a seating area.

Belpointe OZ CEO Brandon Lacoff said: “We are excited to have secured this construction loan from Bank OZK for our Sarasota development project, Aster & Links.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

“I believe this financing milestone, showcases the strong support and confidence of the lending community in our vision.

“I also believe that Aster & Links will redefine luxury living in Sarasota, offering an unparalleled residential experience that combines exceptional design, modern amenities, and a thriving community atmosphere.”

Belpointe OZ has begun constructing multiple properties in the north and south-east of the US and is looking for new funding options.

It has so far garnered more than $345m in equity capital and has over 2,500 units in its development pipeline across four cities.