FINANCEDDevelopment Site
Hancock Whitney Bank Provides $25.3M Loan For Development Site On Interbay Blvd In Tampa
7701 Interbay Boulevard, Tampa, FL, USA
$25,300,000
$66/SF
Building Size
378,100 SF
Asset Type
Development Site
Closing
Dec 20, 2020
AI
John M. Hairston & Greg T. West shared an image on Instagram showcasing a development site in Tampa. The address of the property is 7701 Interbay Boulevard.
Summary of transation details
- Property Type: Development Site
- Transaction Date: 12/21/2020
- Market: Tampa
Hancock Whitney Bank provided a loan of $25,300,000 for the property.
ZOM Living is the landlord associated with this transaction.
Players
Hancock Whitney BankLender
ZOM LivingLandlord
Tampa Development Site Market Snapshot
Boundary boundary · Development Site · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.63%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93