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BEB Capital Provides $2.3M Bridge Loan For Industrial Property In Largo

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SOLD

Florida

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Sold 06/15/2022
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Property Image
SOLD

BEB Capital Provides $2.3M Bridge Loan For Industrial Property In Largo

12505 66th St N

See Similar Deals
Sold 06/15/2022
the dealplayerscompscontact
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Summary

FLORIDA
Transaction Type:Sale

A $2.3 million bridge loan has been provided by BEB Capital to Hersh Equity Group for the acquisition of a 25,000 square-foot industrial property located at 12505 66th Street North in Largo, Florida. This transaction marks BEB Capital's first in the Tampa/St. Petersburg area.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $2,300,000
  • Address: 12505 66th St N
  • Market: Largo
  • Loan Type: Acquisition

The lenders involved in this deal are Lee Brodsky, Sean Silverbrook, and Keyvan Ghaytanchi of BEB Capital. The landlord, Juda Hersh, represents Hersh Equity Group.

According to Sean Silverbrook, Vice President of BEB Lending, the Tampa/St. Petersburg market has experienced significant growth in the past two years. BEB Capital aims to continue finding lending opportunities in this thriving market, as well as in other key markets across the United States.

Details

SOLD
IMAGE: Lee Brodsky, Keyvan Ghaytanchi, Juda Hersh & Sean Silverbrook DATE: 06/15/2022 ADDRESS: 12505 66th St N MARKET: Largo ASSET TYPE: Industrial ~ SF: 25,000 LENDER: Lee Brodsky (@leejbrodsky), Sean Silverbrook (@sbrook813) & Keyvan Ghaytanchi (@keyvan_ghaytanchi_) - BEB Capital (@bebcapital) LANDLORD: Juda Hersh - Hersh Equity Group (@HershEquity) LOAN AMOUNT: $2,300,000 LOAN TYPE: Acquisition NOTE FROM LANDLORD: We’re proud to have provided a $2.3 million bridge loan to @Hersh Equity Group (tag: https://www.linkedin.com/company/hersh-equity-group-inc/) for a 25,000 square-foot industrial property at 12505 66th Street North in Largo, Florida. This transaction represents our first in the Tampa/St. Petersburg area! Exciting day at BEB Capital and for our finance platform, BEB Lending. “This market has seen tremendous growth over the last 24 months. We’re poised to continue to find more opportunities to lend to the real estate community in this growing market, and in other key markets across the US,” said @ Sean Silverbrook (tag: https://www.linkedin.com/in/sean-silverbrook-09406a107/), Vice President of BEB Lending.

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