Maxim Capital Group Lends $26M on Sarasota, Fla., Condo Development

Excerpt from the Commercial Observer website: Property Markets Group (PMG) has secured $26 million of acquisition and pre-development financing for its long-planned luxury condominium tower in Sarasota, Fla., that’s currently in the midst of a legal battle, Commercial Observer has learned.

Maxim Capital Group provided the loan on PMG’s 18-story One Park Sarasota project on the Sarasota bayfront, where the developer is planning to build the 123-unit complex over a central road called Quay Commons.

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