Ziegler Closes $37,840,000 Financing for the Sanctuary at Village On The Isle LLC
Ziegler is pleased to announce the successful closing of the Series 2025 Bond Anticipation Notes for the benefit of The Sanctuary at Village On The Isle LLC. BANs proceeds will fund the start-up costs of developing, owning, and operating a retirement community to be located on approximately 50 acres in unincorporated Sarasota County, Florida. The first phase of the Community is anticipated to consist of 130 independent living apartments and 50 independent living cottages and will be located approximately five miles from the current Village On The Isle campus in Venice. The initial campus opened in 1982 and currently consists of 234 independent living units, 48 assisted living units, 16 memory care units and 64 licensed skilled nursing beds.