MIAMI—Trez Forman Capital Group completed a $44.8 million loan to finance construction of a new maintenance-free residential community in Southwest Florida geared towards Baby Boomers. Trez Forman's Ben Jacobson originated the loan. The borrower is Sarasota Floridian, led by Larry Lieberman and Fred Starling.

Sarasota Floridian, LLC is developing a 309-unit active-adult project called The Floridian Club of Sarasota in Venice, FL. Plans call for 261 single-story attached villas and 48 three-story units served by elevator. All have one and two bedrooms and one and two baths. Floor plans range in size from 991 square feet to 1,339 square feet. The villas offer an optional one-car garage.

“Trez Forman is focused on the Southeastern US including Florida,” Brett Forman, CEO Trez Forman Capital Group, tells GlobeSt.com. “These are growth areas for both employers and jobs as well as for retirees—in part due to favorable tax structure, partly due to the weather and quality of life. The Naples-to-Tampa corridor is rapidly expanding with plenty of land to be developed for residential of all price ranges, and growth. Trez Forman has actually funded a number of residential lot development loans in this area.”