Core Viewpoint - Belpointe PREP, LLC has successfully closed a refinance transaction of approximately $204.14 million with Affinius Capital for its flagship Sarasota development, Aster & Links, which will enhance financial stability and support ongoing operations [1][2][5]. Financial Summary - The refinance proceeds will be allocated to refinance existing debt and to support the lease-up and stabilization of Aster & Links, a newly completed 424-unit multifamily property [2]. - The refinance is expected to save Belpointe OZ multiple millions of dollars annually, providing significant financial benefits to the company and its investors [2]. Project Overview - Aster & Links is a Class A multifamily property with over 50,000 square feet of grocery-anchored retail, already achieving over 50% leasing demand [2][3]. - The property features spacious one-, two-, and three-bedroom apartments, including two-level penthouses with premium amenities, located in downtown Sarasota [4]. Company Background - Belpointe OZ is a publicly traded qualified opportunity fund listed on NYSE American under the symbol "OZ," with over 2,500 units in its development pipeline across four cities, representing a total project cost exceeding $1.3 billion [6]. - Affinius Capital, the partner in the refinance, is an institutional real estate investment firm with a 40-year track record and $63 billion in gross assets under management [8].