---
title: The Alloro at University Groves Receives $54.5 Million Bridge Loan
description: The Alloro at University Groves Receives $54.5 Million Bridge Loan
---

[In The News ](https://www.ugoc.com/in-the-news)

# [The Alloro at University Groves Receives $54.5 Million Bridge Loan](https://www.ugoc.com/in-the-news/the-alloro-receives-54.5-million-bridge-loan)

 Written by [United Group](https://www.ugoc.com/in-the-news/author/united-group) | Sep 25, 2024 8:45:00 PM

United Group received a $54.5 million bridge loan to finance The Alloro at University Groves in Sarasota, FL. See below to read what news outlets had to say.

Rebusiness Online: "Aztec Group has arranged a $54.5 million bridge loan for Alloro at University Groves, a seniors housing community located in Sarasota. An affiliate of United Group of Cos. is the borrower, and Mortgage REIT provided the debt. Developed in 2023, Alloro at University Groves features 183 units for residents aged 55 and older."

*Continue reading [here...](https://rebusinessonline.com/aztec-group-arranges-54-5m-bridge-loan-for-seniors-housing-community-in-sarasota-florida/)*

Commercial Observer: "United Group of Companies has secured $54.5 million in bridge financing for Alloro at University Groves, a 183-unit, luxury senior housing property that sits on nearly seven acres in Sarasota, Fla."

Continue reading [here...](https://commercialobserver.com/2024/09/loancore-capital-provides-55m-bridge-loan-sarasota-senior-housing-community/)

McKnights Senior Living: "Aztec Group arranges $54.5 million bridge loan for Alloro at University Groves in Sarasota, FL."

Continue reading [here...](https://www.mcknightsseniorliving.com/news/actions-transactions-sept-27-2024/)

[View full post](https://www.ugoc.com/in-the-news/the-alloro-receives-54.5-million-bridge-loan)

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