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1200 North West Shore Boule...

Gregory Williams & Rufus Williams Of Cardinal Point Management Secures $15.6M Loan For Land In Tampa
FINANCEDMultiFamily

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:

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

Brian Gaswirth

JLL

Broker

$6.4B

vol

47 deals

Broker
Gregory Williams

Gregory Williams

Cardinal Point Management

Buyer

$28.6M

vol

2 deals

Buyer
BridgeInvest
BridgeInvestLender

Tampa MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

Loading comparables…

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