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2110 North Ola Avenue

SoHo Capital Secures $110M Loan From Goldman Sachs For 314-Unit Mixed-Use Asset In Tampa
FINANCEDMixed-use

SoHo Capital Secures $110M Loan From Goldman Sachs For 314-Unit Mixed-Use Asset In Tampa

2110 North Ola Avenue

$110,000,000

Building Size

Asset Type

Mixed-use

Closing

Jul 21, 2025

AI

The Pearl is a mixed-use asset located at 2110 North Ola Avenue in Tampa, featuring 314 multifamily units and 27,400 square feet of retail space. The property is situated in the Tampa market and has a financing amount of $110,000,000.

Summary of transaction details:

SoHo Capital secured financing for The Pearl from Goldman Sachs, with JLL arranging the loan after a planned sale was withdrawn late last year.

Players

Francesco Carriera

CBRE

Broker

$1.5B

vol

15 deals

Broker
Goldman Sachs
Goldman SachsLender

Tampa Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.14%

Cash-on-Cash

-0.04%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93