Kelly Mahoney & Steven Campisi Secure $67 Million Loan From PNC Bank For Development Site In Tampa

The asset involved in this transaction is a development site located at 7400 Interbay Boulevard in Tampa, FL, encompassing a total building square footage of 798,216. The property is being developed into a 408-unit workforce housing community known as Pointe Grand Interbay, with a construction loan amount of $67 million through PNC Bank.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $67,000,000
• Lender: PNC Bank
• Landlord: Kelly Mahoney & Steven Campisi
• Completion Date: June 2027
• Amenities: Clubhouse, pool, fitness center, co-working space
• Target Income: Households earning 80–120% of area median income

The transaction includes key individuals Kelly Mahoney and Steven Campisi representing Hillpointe as the landlords. The project comprises 15 buildings and is poised to provide housing aimed at workforce families within the South Tampa area.