Sapphire Lakes

Edgewood originated a $4,926,138 mezzanine loan secured by the partnership interests of Sapphire Lakes Holdings LLC. The property is a to-be-built 122 room/127 bed Assisted-Living/Memory-Care facility know as Pineapple House at Sapphire Lakes in Naples, FL  A local bank provided a $21,346,597 senior loan. Our facility provided funds up to 80% of total costs.