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Ronto Group's Anthony Solomon Secures $72.5M Construction Loan For Tampa Condo

Property Image
FINANCED
$72,500,000

Florida

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Financed 01/25/2022
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Property Image
FINANCED

Ronto Group's Anthony Solomon Secures $72.5M Construction Loan For Tampa Condo

2910 West Barcelona Street, Tampa, Florida 33629, United States

See Similar Deals
Financed 01/25/2022
the dealdetailscomps

Summary

FLORIDA
Transaction Type:Loan

The Ronto Group, led by Anthony Solomon, has secured a $72,500,000 construction loan for a condo project located at 2910 W Barcelona St in Tampa. The project will consist of 73 units.

Summary of transaction details

  • Property Type: Condo
  • Transaction Amount: $72,500,000
  • Address: 2910 W Barcelona St
  • Market: Tampa
  • Units: 73
  • Landlord: Ronto Group - Anthony Solomon

The Ronto Group, led by Anthony Solomon, has successfully obtained a construction loan for the condo project located at 2910 W Barcelona St in Tampa. This project will add 73 new units to the market, further enhancing the housing options in the area.

Details

FINANCED
IMAGE: Anthony Solomon DATE: 01/25/2022 ADDRESS: 2910 W Barcelona St MARKET: Tampa ASSET TYPE: Condo ~ UNITS: 73 LANDLORD: Ronto Group - Anthony Solomon LOAN AMOUNT: $72,500,000 LOAN TYPE: Construction Loan

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$72,500,000.00

Monthly NOI$483,333.33
Monthly Debt Service$458,249.32
Change in Cash Flow$0.00
Refinance Proceeds$0.00