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:
- Property Type: Mixed-use
- Transaction Amount: $110,000,000
- Address: 2110 North Ola Avenue
- Market: Tampa
- Units: 314
- Lender: Goldman Sachs
- Landlord: Adam Harden - SoHo Capital
- Brokers: Lee Weaver, Melissa Marcolini Quinn, Kenny Cutler, Rob Rothaug, Cristian Sieman, Jade Starkey & Frank Carriera - JLL
SoHo Capital secured financing for The Pearl from Goldman Sachs, with JLL arranging the loan after a planned sale was withdrawn late last year.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
Tampa Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
Loading comparables…
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