Gregory Williams & Rufus Williams Of Cardinal Point Management Secures $15.6M Loan For Land In Tampa
1200 North West Shore Boulevard
$15,600,000
Building Size
—
Asset Type
MultiFamily
Closing
Jul 27, 2026
AI
The asset involved in this transaction is a land site located at 1200 North West Shore Boulevard in the Tampa market. The loan amount secured for this property is $15,600,000, categorized as a pre-development loan.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $15,600,000
- Lender: BridgeInvest
- Borrower: Gregory Williams & Rufus Williams - Cardinal Point Management
- Brokers: Chris Drew, Brian Gaswirth, Wyatt Krapf, Henry Winchester & Preston Bacon - JLL
- Loan Type: Pre-Development
This transaction features key individuals and companies such as Gregory Williams and Rufus Williams representing Cardinal Point Management as the borrowers. The deal was facilitated by brokers from JLL, including Chris Drew, Brian Gaswirth, Wyatt Krapf, Henry Winchester, and Preston Bacon.
Players
Tampa MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.02%
Cash-on-Cash
-0.29%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93