Yaakov Weitman's Heritage At Temple Terrace Multifamily In Tampa Secures $21.5M Acquisition Loan From Arbor Capital

The multifamily property located at 10605 N 56th St in Heritage At Temple Terrace, Tampa has recently been involved in a closed transaction. The property consists of 126 units and is part of the Tampa market.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $21,468,000
• Lender: Arbor Capital
• Landlord: Yaakov Weitman
• Brokers: Hannah Howard & Jonathan Zilber - Meridian Capital Group

The acquisition loan provided for this transaction was facilitated by Arbor Capital. Yaakov Weitman is the landlord of the property. The brokers involved in the deal were Hannah Howard and Jonathan Zilber from the Meridian Capital Group.

The loan amount for this acquisition loan was $21,468,000. The loan type was a bridge acquisition loan with the following terms: 80% loan-to-cost, an all-in rate of 3.5%, and a 3+1+1 structure.