NOKOMIS, FLA. — Berkadia has arranged an $82.1 million refinancing loan for Render Legacy Trail, a 450-unit property that borrower Crescent Communities completed in 2024. Berkadia D.C. Metro’s Patrick McGlohn, Brian Gould, Hunter Wood, Natalie Hershey and Patrick Cunningham arranged the financing through lender Benefit Street Partners. Render Legacy Trail is situated on approximately 18 acres at 15560 Render Way. The property offers a mix of one-, two- and three-bedroom floor plans. Amenities include a resort-style saltwater pool with cabanas, outdoor grilling and dining areas, a clubroom with coffee bar, 24-hour fitness center, coworking spaces, pickleball courts, a pet park, electric vehicle charging stations, multiple outdoor social and activity spaces and direct access to the Legacy Trail, an 18.5-mile recreational path connecting Sarasota and Venice.
Charlotte, N.C.-based developer Crescent Communities has obtained an $82.1 million refinancing loan for Render Legacy Trail, a 450-unit asset in Nokomis, Fla., that was completed in 2024.
Berkadia Arranges $82.1M Refinancing for Crescent Communities’ Render Legacy Trail in Sarasota County
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