Updated Dec 21, 2023
Justin James Roberts Secures $1.86M Bridge Loan For Development Site In Hillsborough County
8419 North Hubert Avenue, Tampa, Florida 33614, United States
$1,862,000
$13/SF
Building Size
135,950 SF
Asset Type
Development Site
Closing
Jul 12, 2022
About this deal
AI
8419 & 8425 N. Hubert Ave., a development site located in Hillsborough County, Florida, was recently involved in a loan transaction. The property has a buildable square footage of 135,950 and is owned by Justin James Roberts. The loan, amounting to $1,862,000, was secured as a bridge loan with a term of 12 months.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $1,862,000
- Loan Type: Bridge
- Loan Terms: 12 months
The loan for 8419 & 8425 N. Hubert Ave. was arranged by Eric Panecki and Veronique Hut. They represented the borrower in this transaction, securing the necessary financing for the development site.
Players
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
8.52%
Cash-on-Cash
-2.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93