Construction loan approved for DeMarcay condos, Home Watch accredited
• The DeMarcay, a luxury residential condominium project in downtown Sarasota, has closed a new $ 36 million construction loan with the Chicago-based company Pangea Mortgage Capital.
PMC provided construction financing to the developer-owner, GK Immobilier.
When complete, the 18-story building at 33 S. Palm Avenue will offer amenities such as 24-hour valet parking, a fitness center, rooftop club room and a resort-style swimming pool. offering breathtaking views of Sarasota Bay.
The 39 contemporary residences will be located on the top 11 floors, with each floor having three or four units.
The 1,600 square foot clubhouse and swimming pool perched on the 18th floor rooftop will provide all residents with a place to relax and enjoy breathtaking views of the bay, gulf and city.
A one-bedroom residence starts at $ 735,000, with two- and three-bedroom residences available.
The DeMarcay is expected to be completed in the summer of 2023.
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• Cover your Home Watch assets, in North Port, has received accreditation from the National Home Watch Association.
NHWA was formed in 2009 to establish and maintain the highest industry standards for home surveillance and homeowner services in the United States and Canada.
Missy Ordiway and Will Tanguay, owners of Cover Your Assets Home Watch, have lived in Sarasota and Charlotte counties for over 10 years.
They have over 15 years of experience in the construction and residential construction industry. The couple built homes, held general contractor licenses as handymen, and did roofing, pressure cleaning and pest exclusions.
Ordiway has been an entrepreneur for over 20 years and in many cases held valuable information for customers such as online banking passwords, credit card numbers, and code entry numbers. Ensuring the security of customer information is an important aspect of home surveillance.
Cover Your Assets Home Watch offers services in Punta Gorda, Port Charlotte, Englewood, North Port, Venice, Nokomis, Osprey, Sarasota and Bradenton.