Ronto Group's Anthony Solomon Secures $72.5M Construction Loan For Tampa Condo
2910 West Barcelona Street, Tampa, Florida 33629, United States
$72,500,000
Units
73
Asset Type
—
Closing
Jan 25, 2022
About this deal
AI
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.
On the Map
$72,500,000
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Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.22%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93