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

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.